Fibonacci Pivot Point MT4 Indicator MQL4 Code Download

10 December 2016, 08:44
Ahmad Hassam

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.

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