PROTECTED SOURCE SCRIPT
Nifty CPR by Foresight Trading
📌 Indicator Name:
Nifty CPR by Foresight Trading
📖 Description:
This indicator plots the Central Pivot Range (CPR) along with the first resistance (R1) and first support (S1) levels, calculated from the previous day’s OHLC values.
Pivot (P) = (High + Low + Close) ÷ 3
BC (Bottom Central Pivot) = (High + Low) ÷ 2
TC (Top Central Pivot) = P + (P – BC)
R1 = (2 × Pivot) – Low
S1 = (2 × Pivot) – High
✅ The CPR and pivot levels are locked for the entire trading day, so they do not repaint intraday.
✅ Plotted as colored circles (dots) across the day for clear visibility.
✅ New levels are generated only at the start of a new session.
🎯 Usage:
Traders use CPR as a trend bias tool:
Narrow CPR → higher probability of trending day.
Wide CPR → higher probability of sideways/consolidation day.
R1 and S1 act as key intraday support & resistance zones.
⚡ Best For:
Intraday traders & scalpers
Index traders (Nifty, BankNifty, Stocks etc.)
Anyone who uses Pivot Point + CPR trading strategies
Nifty CPR by Foresight Trading
📖 Description:
This indicator plots the Central Pivot Range (CPR) along with the first resistance (R1) and first support (S1) levels, calculated from the previous day’s OHLC values.
Pivot (P) = (High + Low + Close) ÷ 3
BC (Bottom Central Pivot) = (High + Low) ÷ 2
TC (Top Central Pivot) = P + (P – BC)
R1 = (2 × Pivot) – Low
S1 = (2 × Pivot) – High
✅ The CPR and pivot levels are locked for the entire trading day, so they do not repaint intraday.
✅ Plotted as colored circles (dots) across the day for clear visibility.
✅ New levels are generated only at the start of a new session.
🎯 Usage:
Traders use CPR as a trend bias tool:
Narrow CPR → higher probability of trending day.
Wide CPR → higher probability of sideways/consolidation day.
R1 and S1 act as key intraday support & resistance zones.
⚡ Best For:
Intraday traders & scalpers
Index traders (Nifty, BankNifty, Stocks etc.)
Anyone who uses Pivot Point + CPR trading strategies
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.