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2015.03.20 12:05

FiboPivotCandleBar - indicator for MetaTrader 4

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votes: 30


This indicator is a composite of several indicators: Fibonacci, Pivot Point, ZigZag, Stochastic and Relative Vigor Index, which are combined in this indicator.

This indicator gives advice to buy and sell with the direction of the arrow.

Update_01 (24/03/2015)

  • Reduced false signals, simplified the formula, and replaced the formula of the Stochastic indicator with MACD indicator.

Update_02 (26/04/2015)

  • Fixed code for Price Retracement FiboCandleBar.

Update_03 (18/05/2015)

  • Added Alerts (Messages, Email and Sound) to the indicator.
  • Improved the performance of the Indicator.

Update_04 (16/06/2015)

  • Added Color Option, so that the user can change the color bar and font colors.

Update_05 (30/07/2015)

  • Made minor changes to the Pivot formula.
  • Removed unused variables.
Update_06 (16/09/2015)
  • Added a formula to improve the accuracy of the signal.


FiboPivotCandleBar indicator MetaTrader 4

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