CPR by myBiniyog

CPR by myBiniyog

Purpose:
Clearly plots the Central Pivot Range (CPR), Support, and Resistance levels daily, weekly, and monthly (optional). CPR levels help intraday traders identify potential market direction, trends, and reversal points. CPR lines plotted clearly (blue), Support levels (green), and Resistance levels (red).

Calculation Method:

Pivot (P) = (High + Low + Close) / 3

Bottom Central (BC) = (High + Low) / 2

Top Central (TC) = Pivot + (Pivot - BC)

Support (S1-S3) and Resistance (R1-R3) levels calculated traditionally from pivot formulas.

Uniqueness & Originality:

Fully original script combining multi-timeframe (Daily/Weekly/Monthly) pivots.

Unique, clear visual representation designed for ease of use.

Closed-source to protect custom visual style and original logic.

Recommended Timeframes:
For optimal clarity and performance, use on 5-minute, 10-minute, or 15-minute intraday charts.

Compliance Statement:
Fully compliant with TradingView House Rules. Original work, not derived from publicly available scripts.