CPR Indicator 2.0 by KGS - Timeframe Automatic/Manual CPR modes

4 giorni fa

Pivot Calculations:
TC = (Pivot – BC) + Pivot
Pivot = (High + Low + Close)/3
BC = (High + Low)/2
Plots Central Pivot Range (Pivot, BC, TC) and Support/Resistance levels (R1–R4, S1–S4)
Based on the previous bar for each timeframe (D, W, M)

How It Works?

1) Auto/Manual
Auto Mode: The script automatically shows Daily pivots for 15m or below, Weekly for 16–75m, and Monthly for 76m–1D.
Manual Mode: You decide which pivot sets to show by toggling the checkboxes for Daily/Weekly/Monthly.

2) Future Pivots
Tomorrow (Next Day): Derived from the current day’s data (index=0 on a daily resolution).
Next Week: Derived from the current week’s data (index=0 on a weekly resolution).
Next Month: Derived from the current month’s data (index=0 on a monthly resolution).
These only appear in Manual mode when their corresponding checkboxes are enabled.

3) Comprehensive Control
In Manual mode, you can have Daily pivots + Next Week pivot lines all on a 5-minute chart if you like, or any combination.
In Auto mode, the script ignores your manual checkboxes (including Next Day/Week/Month) and just displays pivots by timeframe logic.

Additional Feature:
Plots previous Day’s High/Low, previous Week’s High/Low, and previous Month’s High/Low depending on which pivots are displayed

Usage Steps:
Add the script to your TradingView chart.
Switch your chart timeframe.
Observe the pivots and previous high/low lines automatically changing for Daily, Weekly, or Monthly based on the timeframe you select.
Also enjoy customizing these pivot sets for a wide variety of analysis or trading strategies!