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Central Pivot Range

Trade CPR with TC and BC using the Central Pivot Range MT4 indicator. Identify excellent pivot based breakout trade setups and identify forex market trend direction. Includes a multitude of pivot based tools including Fibo Pivots, Camarilla Pivots and Mid pivot points.

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Description

The Central Pivot Range MT4 indicator plots the CPR on the price chart. Additionally, it plots TC – Top central pivot, BC – Bottom central pivot, Fibo Pivot, Camarilla Pivots, Mid pivots, Previous day’s high and low price lines. The indicator is highly versatile and has a range of input settings to help forex technical traders to use the central pivot range and other pivots.

Features of Central Pivot Range MT4 Indicator

The indicator automatically calculates a range of pivot lines and the central pivot range. CPR – Central pivot range acts as an important component to identify the bullish or bearish nature of the price. If the price is above the CPR, traders should look for buy trades. On the other hand, if the price is below it warrants sell positions.

Another feature is the TC and the BC, the top central pivot and bottom central pivot helps traders to enter breakout trades. Traders should enter buy trades, if the price is above the CPR and breaks higher than the top central pivot. Similarly, traders should look open sell positions of price is below the CPR and breaks below the BC.

This indicator also features the Camarilla pivots and Fibo pivots, traders can enable them according to their preference. Another important feature is the mid pivots, these points enable technical traders to fine tune the pivot based entries.

Benefits of Central Pivot Range MT4 Indicator

This indicator indeed has all the necessary pivot settings and equips the pivot based forex traders will all relevant lines and levels. As the pivot lines act as support and resistance lines this indicator is suitable for new and advanced forex traders. Additionally, the mid pivot points helps scalpers and intraday traders to effectively enter and exit the markets.

This indicator does not explicitly provide buy and sell forex trading signals. So, traders should combine support and resistance trading strategies, pivot trading strategies and price action to confirm the entry points. Advanced forex traders can combine other technical indicators to enhance the trading performance.

The CPR provides an excellent forex market trend direction. In combination with the top central pivot and bottom central pivot, traders can identify profitable trade setups.

Indicator Settings Description

pivotPointTimeFrame: Chart time frame for pivot calculation.

hideLabels:, Indicator_On: Hides labels and displays the indicator.

Show_1Daily_2FionacciPivots: Shows Fibo pivots.

FullScreenLines:m withMarginPrices:, LineLabelsIncludePrice: MoveLabels_LR_Decrincr:, PercentageOffset:, PivotLinesLabelColor:, LineLabelsFontSize:, L_Label_Norm_Bold_Black_123: Label and line settings.

ZoomAdjust_3_6_15_30_50: Zoom settings.

R_Color:, R_LineStyle_01234:, R_SolidLine Thickness:, CentralPivotColor:, CentralPivotLineStyle_01234:, CentralPivotSolidLine Thickness:, C_Color:, C_LineStyle_01234:, C_SolidLine Thickness:, S_Color:, S_LineStyle_01234:, S_SolidLine Thickness:, MidPivotsColor:, MidPivotsLineStyle_01234:, MidPivotsLine Thickness: Line color, style and thickness settings.

ShowMidPivots: Enables display of mid pivots.

YesterdayHighLowColor:, HighLowLineStyle_01234:, HighLowSolidLine Thickness:, ShowYesterdayHighLow: Line color, style and thickness settings of previous day high and low.

TodayOpenColor:, TodayOpenLineStyle_01234:, TodayOpenSolidLine Thickness:, ShowTodayOpen: Line color, style and thickness settings of today opening price.

CamarillaHiColor:, CamarillaLoColor:, CamarillaLineStyle_01234:, CamarillaSolidLine Thickness: ShowCamarilla:, ShowInnerCamarillas: Camarilla display settings.

PeriodSeparatorLinesColor:, SeparatorLineStyle_01234:, SeparatorLinesThickness:, ShowPeriodSeparatorLines:, ShowPeriodSeparatorLabelsColor: PlaceAt_TopBot_12_OfChart:, SeparatorLabelFontSize:, S_Label_Norm_Bold_Black_123: ShowPeriodSeparatorLabels: Line and color settings of period separator.

Relabeler_Adjustment:, Show_Relabeler_Comment:, Show_Data_Comment:, Days: Input for adjusting the labels according to the chart display.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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