The ArchIntel tool is designed to plot all the pivot point lines on a chart, aiding traders in their Forex software analysis. This tool incorporates five unique pivot methods. Each method is based on a distinct mathematical formula and is tailored to cater to different trading styles. The five pivot methods include: the Floor Method, the Woodie Method, the Camarilla Method, the DeMark Method, and the Fibonacci Method.
1. Floor Method
Originating from the trading floors, the Floor Method is a classic pivot point method that many traders prefer due to its simple formula and wide acceptance in the financial market analysis.
2. Woodie Method
The Woodie Method, named after the trader who developed it, has gained popularity among day traders. It uses a unique calculation for its pivot point, giving more weight to the closing price of the previous period.
3. Camarilla Method
The Camarilla Method, renowned for its precision, delivers eight levels of intraday support and resistance. It’s a favourite among short-term traders, particularly in the currency trading sphere.
4. DeMark Method
Created by Tom DeMark, this method focuses on the most recent data and is often used in conjunction with other technical analysis tools. It’s particularly useful for predicting price breakouts.
5. Fibonacci Method
Lastly, the Fibonacci Method, deeply rooted in the Fibonacci sequence, provides multiple levels of support and resistance. It’s favoured by traders who use retracements in their Forex strategies.
Customizing Pivot Point Calculation
One of the standout features of the ArchIntel tool is its customizability. Traders can select their preferred pivot method by just clicking the “Fibonacci” button. Moreover, the “Monthly” button allows users to choose the period they wish to use for the pivot calculation, ranging from a day to a week or a month. The less-than (“<") and greater-than (">“) buttons serve to navigate through historical data and go back to the current day, week, or month respectively. The reset button is available to reinitialize the settings, providing flexibility in Forex analysis.
Independent Testing and Updates
For those interested in seeing the tool in action, independent testing of this product is available on forexroboteasy.com. Users can subscribe to updates on the test results, providing them with an unbiased look at the software’s performance in different market scenarios.
Frequently Asked Questions
1. How can I choose the pivot method?
Users can select their preferred pivot method by clicking the “Fibonacci” button.
2. Can I view historical pivot data with this tool?
Yes, by using the less-than (“<") button, you can navigate to historical data.
3. Where can I see independent testing of this product?
You can watch independent testing of this product on the forexroboteasy.com website.
We invite readers to share their experiences using the ArchIntel Forex trading tool. Remember, this is an independent product review, and we value your input in understanding its performance in various trading situations.
Write review