Fibo Pivot Candle Bar Indicator in MetaTrader 5 Download

The Fibo Pivot Candle Bar indicator is a practical tool in MetaTrader 5 that enables traders to identify short-term buy and sell signals.

This indicator, by displaying a candle bar panel, is considered a suitable tool for scalping strategies. On this panel, the right side is designed to identify pivot levels, and the left side is designed to identify Fibonacci levels, allowing traders to use them as support and resistance zones in the market.

Fibo Pivot Candle Bar Indicator Table

Below is the information related to the Fibo Pivot Candle Bar indicator.

Pivot and Fibonacci Candle Bar Indicator at a Glance

The Fibo Pivot Candle Bar indicator is a professional tool for Forex traders that, by providing a candle bar panel, displays the status of price reaching pivot support and resistance levels and Fibonacci ratios.

In addition, this indicator analyzes the current conditions within the panel, generates buy and sell signals, and informs traders of potential trading opportunities.

Uptrend in the Pivot and Fibonacci Candle Bar Indicator

On the 1-minute chart of AUD/USD, a buy signal in the direction of the uptrend was generated. Traders can use the Fibo Pivot Candle Bar indicator to consider the buy signal as confirmation of the trend and a trading opportunity, then enter a long position.

On the candle bar panel, the right side displays pivot levels and the left side shows Fibonacci levels, which can be used as key price reaction zones. Traders can exit their positions when the price reaches these areas.

Downtrend in the Pivot and Fibonacci Candle Bar Indicator

On the 1-minute chart of XAU/USD, traders can receive sell signals by applying the Fibo Pivot Candle Bar indicator. By displaying a candle bar panel,

this indicator facilitates the analysis of downtrends and provides traders with conditions to identify price reaction zones as support or resistance areas in the market and use them for trading decisions.

Settings of the Fibo Pivot Candle Bar Indicator

Below are the settings for running the Fibo Pivot Candle Bar indicator:

• Choose Fonts Model: Set the font type;
• Font Colors: Set the font color;
• color for Bar Up and Bull Candle: Set the color of bullish bars;
• color for Bar Down and Bear Candle: Set the color of bearish bars;
• color for Line Graph: Set the signal color;
• If the bar has not been passed by the price movement: Set the bar color;
• ALERT: Enable or disable signal alert notifications;
• EMAIL: Enable or disable email alerts;
• NOTIFICATION: Enable or disable mobile push notifications.

Conclusion

The Fibo Pivot Candle Bar indicator provides a candle bar panel that allows technical traders to identify buy and sell signals.

Through its right-side panel, it displays support and resistance levels based on pivot and Fibonacci levels, giving traders the ability to analyze price reactions in the market.