Mastering Market Entry with Leading Indicators: A Guide to CPR

Mastering Market Entry with Leading Indicators:

If you've been experiencing losses in the market, it's likely that you're relying on lagging indicators, which tend to give delayed signals. This often results in late entries, causing missed opportunities. 

Introduction to CPR: A Leading Indicator

To enhance your market entry strategies, consider using a leading indicator known as the Central Pivot Range (CPR). Here's how you can access and implement CPR in your trading:

1. Navigate to Trading View:
   • Open Trading View and go to the Indicators section.
   • In the search bar, type "CPR by Trading Direction."
   
2. Locate the Community Script:
   • Within the Community Script section, type "CPR by Central Pivot Range."

To make the most out of CPR, it's essential to understand how it functions in different market conditions. Here are some professional tips to guide you:Weekly and Daily CPR Relationship

• Support Scenario:
  • If the weekly CPR is below the daily CPR, the daily CPR will act as a support level. In this scenario, the price is likely to bounce from this support level.
• Breakout Scenario:
  • Conversely, if the daily CPR is below the weekly CPR, observe the first 5-minute candle. If this candle breaks out upwards, the market is likely to go up.

• In a bullish zone, type "Bullish Price Action" in your indicator search.
• This setup indicates a good entry point for long positions. Ensure to enter here to capitalize on upward price movements.