UnknownUnicorn5882959

The Multi-day Central Pivot Range

The indicator is a Multi-day CPR .

It shows CPR range as per yesterday's HLC and also CPR range for last n number of trading sessions.
For example: If you mention the value as two in Multi-day CPR (blue color) then it calculates the CPR using HLC of the last two trading sessions.

Also, the daily CPR is designed in such a way to highlight Virgin CPR (purple color) separately from the normal CPR(fuchsia color).
Release Notes: Now it also has "developing CPR", which shows the CPR based on today's HLC with intraday time-frame charts. It will be dynamic rather than static. It will be be useful to trail your stop loss.
Release Notes: Similar to developing CPR, we have multi-day developing CPR which shows the CPR based on high/lows of last n number of trading sessions with current candle's C in intraday time-frame charts.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

HI @UnknownUnicorn5882959,

Thanks for all the efforts you have put in here.
Can you also please make a video or a short writeup on the strategy? if would help every beginners like me to CPR strategy.

Thanks and much Respect for you.
+7 Reply
UnknownUnicorn5882959 540f1bd286704f5785c3c62702d66c
@540f1bd286704f5785c3c62702d66c, Hi you can check out the below links who have already made good videos about CPR.

https://www.youtube.com/channel/UCdqyRScesQZPq5bh6zEzaDg

https://www.youtube.com/channel/UCoFSwfRGHru5K82atxgsLGA

Hope it helps. Sorry for the delay.
+1 Reply
Thanks for the wonderful script. I think there is a bug on developing BC code, this will only work on Indian stock market trading minutes, not for other market trading sessions like forex or Nasdaq,
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You did a nice work ! Thanks. I want to know Is Developing CPR of any use during live intraday trading? If yes, then how to use developing CPR in live intraday trading?
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very useful.. thank you
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Hi @UnknownUnicorn5882959,

Do we have a scanner to scan the stocks at the last 15 min of the session where the developing CPR is narrow, which will be a narrow CPR for the following day. This will be very much helpful.

Thanks in advance.

Regards
Kalyan
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great to use this in my trading very good indicator thank you!
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This is the best script, I've ever used! Thank you, so much, for sharing. I hope you are rewarded, well, for your hard work! Good luck to you!
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@Avery_Upton, you are welcome. happy to help
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Excellent work!
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