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MT5 Fibonacci and Pivot indicators

mrtools, Tue Nov 30, 2021 5:57 am

From Mladen Rakic:

Based on the Austin Passamonte's idea , this indicator calculates pivots for any time frame (provided that the chosen time frame is higher than the chart time frame).


Two modes of calculation :

*original (when it calculates as in the Austin Passamonte's idea)
*or alternate mode (when it is more support / resistance inclined)

Image


Image



Recommendations:
*Use it as any other pivots
*Since the code is optimized (only last bar calculated on new ticks), it can easily be used from any other code via iCustom()
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