What it does
Applies the Central Pivot Range and floor-pivot framework to weekly data: the pivot, top central and bottom central lines plus R1-R3 and S1-S3 are computed from the previous week's high, low and close and drawn across the current week. Weekly CPR frames swing-trading decisions the way daily CPR frames intraday ones, describing where last week's value sat and how compressed it was. Positioning of price against the weekly CPR gives a multi-day directional bias.
How to add it
Click Indicators (ƒx) in the header.
Search “Dext CPR with Pivot Level Weekly” and click the result.
Hover its legend row and click the gear to open settings.
How traders use it
- A narrow weekly CPR flags a compressed prior week and elevates the odds of a trending week — a favorable backdrop for swing breakout entries.
- Sustained trade above the weekly CPR keeps the swing bias bullish; use pullbacks into the CPR that hold as buy-the-dip zones.
- Weekly R1/S1 serve as realistic first swing targets; R2/R3 and S2/S3 mark stretch objectives for strong weeks.
- Confluence between the weekly CPR and daily levels or moving averages creates high-quality support/resistance zones.
Inputs
This indicator has no configurable inputs — it works out of the box.
Plots & styling
| Plot | Style | Default color |
|---|---|---|
| Pivot | line | #CE93D8 |
| BC | line | #AB47BC |
| TC | line | #7B1FA2 |
| R1 | line | #80CBC4 |
| R2 | line | #26A69A |
| R3 | line | #00796B |
| R4 | line | #004D40 |
| S1 | line | #FFAB91 |
| S2 | line | #FF7043 |
| S3 | line | #BF360C |
| S4 | line | #7F0000 |
| Prev Week High | line | #787B86 |
| Prev Week Low | line | #787B86 |
Every plot's color, line width and visibility can be changed on the Style tab. Precision, price-scale labels and status-line values are configurable at the bottom of the Style tab.
Tips
- Right-click the indicator's line for quick actions — settings, visibility and removal without hunting through menus.
- Use Add to favorites in the legend menu; starred studies surface at the top of the picker.
- The legend eye toggles it off without losing your settings — handy for before/after comparisons.
Watch out for
- Weekly levels update only once a week, so mid-week news can leave them stale; they are context, not triggers.
- Signals based on weekly CPR need wider stops and patience; applying intraday-sized risk to weekly levels mismatches the timeframe.