Download Fibonacci Pivot Forex Indicator For Mt4

Free Download Fibonacci Pivot Forex Indicator For Mt4

Download Fibonacci Pivot Forex Indicator For Mt4

The indicator builds levels channels beginning from the line of closing of previous day, on the basis of data of previous day: dayClose+(dayHigh-dayLow)*fibo*koeff. On Monday, except the level of closing of Friday, the level of opening of Monday is in addition drawn.

  • mondayGAP defines how to build levels on Monday: if false — levels are drawn from closing of Friday, if true — from opening of Monday;
  • Days number of days for plotting, counting of today. Zero — the whole days available in the history are processed;
  • koeff allows to squeeze & stretch a grid of levels. I recommend to put Fibonacci’s numbers (0.34, 0.55, 0.618, 0.89, 1.44, 2.33).

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