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.

Disclaimer

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