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Indicators

Pivot_Fibs_Custom - indicator for MetaTrader 5

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7976
Rating:
(12)
Published:
2018.12.28 13:04
Updated:
2019.01.17 11:29
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Real author:

Archer Trading, LLC

A set of Fibo levels (pivot points) built on candles of the timeframe specified in the inputs.

//+----------------------------------------------+
//|  INDICATOR INPUT PARAMETERS                  |
//+----------------------------------------------+
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H12;           // Chart period
input double FiboRatio1=0.99;
input double FiboRatio2=0.382;
input double FiboRatio3=0.618;
input int Shift=0;                                    // Horizontal indicator shift in bars

This indicator was first implemented in MQL4 and published in the Code Base at mql4.com on November 30, 2007.


Fig.1. Indicator Pivot_Fibs_Custom

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22757

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