CPR By Trading Direction V2

The Central Pivot Range (CPR) is a three-line pivot indicator built from the previous session's High, Low and Close — Pivot at the centre, with TC and BC forming the band around it. This script plots daily and weekly CPR (current, tomorrow's, and next week's), R1-R3 resistance and S1-S3 support levels, previous day High/Low/Close, and 8/20/200 EMAs, all in one indicator.

Use the TC-BC band as a support/resistance zone: price above TC signals bullish control, below BC signals bearish control. A narrow CPR relative to recent sessions often precedes a trend day; a wide CPR often precedes a range-bound day.

Built and maintained by Trading Direction.