Free 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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