OPEN-SOURCE SCRIPT
PriceCatch Opensource CPR
Hi Friends & TradingView community.
Greetings to you.
Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels.
Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know how CPR is calculated and study it for use in their own scripts. So, here is the CPR script with the code. Use it as you please.
Note: CPR is plotted only on intra-day time-frames.
The light magenta (band) range is current day CPR.
The light blue (band) range is tomorrow's CPR projected for you today itself based on current day's price action and range.
Queries / feedback welcome.
All the best.
PS: The script is developed to the best of my ability and as with all indicators, you have to decide if it might be useful to you when adding to your chart.
Greetings to you.
Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels.
Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know how CPR is calculated and study it for use in their own scripts. So, here is the CPR script with the code. Use it as you please.
Note: CPR is plotted only on intra-day time-frames.
The light magenta (band) range is current day CPR.
The light blue (band) range is tomorrow's CPR projected for you today itself based on current day's price action and range.
Queries / feedback welcome.
All the best.
PS: The script is developed to the best of my ability and as with all indicators, you have to decide if it might be useful to you when adding to your chart.
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
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