Weekly CPR Custom
- Indicatori
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Sangmo Park
MT5 Edge Tools / SangmoPark
I build MetaTrader 5 tools for manual chart review and workflow clarity: multi-timeframe MA/Kijun context, market structure, currency strength, supply/demand levels, session zones, pivots/CPR, and trade-review utilities. - Versione: 1.0
- Attivazioni: 10
(c) Uniprojects
Weekly Pivot Custom
Weekly Pivot Custom is a lightweight MetaTrader 5 indicator that plots weekly CPR, classic weekly pivot levels, and optional previous-week range levels directly on the chart.
The indicator is designed for traders who use higher-timeframe weekly structure as part of daily or intraday planning. It calculates the current week levels from the previous weekly candle and can also draw a bounded number of historical weekly levels for review.
What It Draws
- TC: Top Central Pivot
- P: Main Weekly Pivot
- BC: Bottom Central Pivot
- R1, R2, R3: Weekly resistance levels
- S1, S2, S3: Weekly support levels
- PWH: Previous Week High
- PWL: Previous Week Low
- PWMid: Previous Week Midpoint
Core Calculation
The indicator uses the previous weekly candle high, low, and close:
Pivot = (High + Low + Close) / 3
BC = (High + Low) / 2
TC = (2 x Pivot) - BC
Classic pivot levels:
R1 = (2 x Pivot) - Low
S1 = (2 x Pivot) - High
R2 = Pivot + (High - Low)
S2 = Pivot - (High - Low)
R3 = High + 2 x (Pivot - Low)
S3 = Low - 2 x (High - Pivot)
Main Features
- Weekly CPR: TC, Pivot, and BC
- Classic weekly pivot levels: R1, R2, R3, S1, S2, S3
- Optional previous-week high, low, and midpoint
- Configurable number of historical weeks to draw
- Current-week-only display option
- Optional current-week extension to the right
- Optional labels for current week or historical weeks
- Customizable colors, line styles, widths, and label font size
- New-bar recalculation instead of tick-by-tick redraw
- Object updates instead of repeated object recreation
- Built as an indicator only; it does not open, manage, or close trades
Suggested Use
Use Weekly Pivot Custom on M5, M15, M30, H1, H4, or D1 charts when you want weekly structure visible while planning lower-timeframe trades. It can pair naturally with Daily Pivot Levels or Daily CPR Custom for traders who want both daily and weekly reference levels on the same workflow.
Important Notes
This indicator is a charting and analysis tool. It is not an Expert Advisor, does not trade automatically, and does not guarantee profitable results. Trading decisions, risk management, and strategy rules remain the responsibility of the trader.
Copyright (c) Uniprojects.
