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Cprhistogram

CPR Width + MTF, Offset and BarcolorsDue to the request of some users and inspired by "5 Day ADR ICT Intraday Tracker" I updated "CPR Width" and added extra functionality for your convenience.
Pine Script® indicator
by MartinWeb
Updated Jan 16, 2021
22
CPR WidthThe indicator shows the width of the Central Pivot Range. Frank Ochoa call it It Pivot Range Histogram in his book. Use it in conjunction with the Central Pivot Range indicator. Below is the interpretation of the reading. CPR Width > 0.5 - Sideways or Trading Range Day, CPR Width > 0.75 - increases the likelihood of sideways trading behavior, CPR Width < 0.5 - Trending type of day, CPR Width < 0.25 - increases the likelihood of a trending market. The above reading only increases the likely-hood of the possibility and not always right.
Pine Script® indicator
by UnknownUnicorn5882959
Dec 1, 2019
4040

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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