OPEN-SOURCE SCRIPT
Updated CPR by myBiniyog
“CPR by myBiniyog” plots Central Pivot Range (CPR) and Daily Pivot Points (R1, R2, S1, S2) using clean and intuitive circle markers on price charts. Ideal for intraday traders who rely on key support and resistance zones.
🔹 **CPR Levels**:
- TC (Top Central)
- Pivot
- BC (Bottom Central)
🔹 **Daily Pivot Points**:
- R1 & R2 (Resistance Zones)
- S1 & S2 (Support Zones)
The CPR is based on previous day's OHLC data and can help traders predict:
- Narrow CPR = potential breakout day
- Wide CPR = potential sideways movement
The indicator auto-plots these levels as circles on intraday timeframes (like 5-min or 15-min charts). It's designed to be visually clean and fast to read.
Built in Pine Script v5. Open-source. Free for educational use.
Best suited for Nifty, Bank Nifty, stocks, crypto and forex traders who prefer CPR-based systems.
Made by: myBiniyog
🔹 **CPR Levels**:
- TC (Top Central)
- Pivot
- BC (Bottom Central)
🔹 **Daily Pivot Points**:
- R1 & R2 (Resistance Zones)
- S1 & S2 (Support Zones)
The CPR is based on previous day's OHLC data and can help traders predict:
- Narrow CPR = potential breakout day
- Wide CPR = potential sideways movement
The indicator auto-plots these levels as circles on intraday timeframes (like 5-min or 15-min charts). It's designed to be visually clean and fast to read.
Built in Pine Script v5. Open-source. Free for educational use.
Best suited for Nifty, Bank Nifty, stocks, crypto and forex traders who prefer CPR-based systems.
Made by: myBiniyog
Release Notes
"CPR by myBiniyog" is a clean, customizable indicator that plots the Central Pivot Range (CPR) and classic pivot point support/resistance levels for intraday, weekly, and monthly analysis.🔹 **CPR Levels:**
- Central Pivot (P) = (High + Low + Close) / 3
- BC (Bottom Central) = (High + Low) / 2
- TC (Top Central) = P + (P - BC)
🔹 **Support & Resistance Levels:**
- S1, S2, S3
- R1, R2, R3
✅ **Features:**
- CPR for daily timeframe with line breaks for clarity
- Weekly and Monthly pivots available via toggle
- Enable/disable S1/R1, S2/R2, S3/R3 levels independently
- Color-coded: CPR (Blue/Orange), Supports (Green), Resistances (Red)
- Weekly plotted with cross markers, Monthly with circles
💡 **How to Use:**
- Use CPR width to estimate market volatility (narrow = breakout likely)
- Price above CPR = bullish bias; below CPR = bearish
- Combine with price action and volume for high-probability entries
⚠️ This script is educational. It does not guarantee results and should be used as part of a broader trading plan.
Made with ❤️ by myBiniyog
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.