OPEN-SOURCE SCRIPT

DWMQY CPR

160
By Dalli Ravi Teja Reddy
This script implements the Central Pivot Range (CPR) for different timeframes, including Daily, Weekly, Monthly, Quarterly, and Yearly CPR levels. It is based on the methodology described at PivotBoss and helps traders identify key support and resistance zones for potential trading opportunities.

Features:
✅ Calculates CPR levels (Pivot, Top Central, and Bottom Central) for multiple timeframes
✅ Allows users to select how many historical CPR levels to display
✅ Supports intraday, daily, weekly, monthly, and yearly chart analysis
✅ Provides clear visual representation with color-coded pivot ranges

Usage:
The Pivot (PP) acts as a reference point for price movement
The Top Central (TC) and Bottom Central (BC) define the trading range
A narrow CPR may indicate potential breakout zones
A wide CPR suggests consolidation or range-bound movements
This indicator is ideal for traders looking to analyze price action across different timeframes using CPR as a guiding tool. 🚀

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.