Central Pivot Tool MT5

The Central Pivot Tool MT5 is a unique and innovative tool designed to streamline Forex trading by revealing market trends and strengths. This tool, focused on Central Pivot Range (CPR), comes with additional pivot point and Fibonacci levels.

Understanding the Central Pivot Point

The Central Pivot Point forms the basis of the Central Pivot Range. This range, comprising various levels around the central pivot, is crucial in determining market behaviours and potential outcomes. The position of these levels relative to the central pivot can predict the next day’s trending direction and strength. Additionally, the distance from the central pivot and the price at which new levels form compared to the previous day’s levels are key determinants.

Role of Central Pivot Ranges

Central Pivot Ranges serve multiple purposes in Forex trading. They can act as support and resistance, guide placement of stop loss, and provide signals of price continuing movement or breaking out. Equally important is their role in indicating the overall market sentiment. When CPRs form consecutively higher than the previous ones, the market sentiment is bullish. Conversely, if they form lower than the previous ones, the market sentiment is bearish.

Additional Features of Central Pivot Tool MT5

Besides CPRs, the Central Pivot Tool MT5 also features pivot points (R1, R2, R3, S1, S2, S3) and Fibonacci Levels (0, 0.23, 0.38, 0.50, 0.61, 0.78, 1). It includes an alert function that can notify users when levels are reached using the MT4 mobile app. The tool’s lines are customizable in types, colors, and sizes. Moreover, these lines are non-repainting, meaning they are formed at the end of each day using the previous day’s fixed values.

Customization and Versatility

The Central Pivot Tool MT5 allows users to customize the maximum days back to draw levels from. The tool is versatile, offering strong indications of possible market sentiment and useful cues for trade entries. It is worth noting that this product is exclusively available on MQL5. Any apparent availability elsewhere is likely a counterfeit.

FAQs

What are the key features of the Central Pivot Tool MT5?

The tool is centered around the Central Pivot Range with additional pivot points and Fibonacci levels. It offers customizable line types, colors, and sizes, non-repainting lines, and a mobile alert function.

How does the Central Pivot Tool MT5 indicate market sentiment?

When the CPR lines form consecutively higher than the previous ones, the market sentiment is bullish. If they form lower than the previous ones, the market sentiment is bearish.

Where can I purchase the Central Pivot Tool MT5?

The Central Pivot Tool MT5 is available for purchase exclusively on the MQL5 site.

For more information and independent testing of this product, visit the Forex Robot Easy website. Subscribing to updates on the testing results of this product is also recommended. Feel free to share your experience with the Central Pivot Tool MT5 and contribute to the trading community’s knowledge base.

Remember, this is an independent product review aimed to provide a comprehensive understanding of the Central Pivot Tool MT5. Happy trading!