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Pivot Points are very popular with professional traders.
Pivot Point formula is based on previous day's high, low and close which makes it a leading indicator.
There are 5 different pivot point formulas.
Fibonacci Pivot Points are popular as this formula calculates the support/resistance levels using the fibonacci ratio.
Download the Fibonacci Pivot Point MT4 indicator MQL4 code from my blog.
This Fibonacci Pivot Point indicator works well in day trading.
I have also explained in the blog post a few trading strategies based on this indicator.
