IdeaRe: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

874
Fibonacci Pivot indicator (Kalenzo)

This was an old Fib pivots indicator by a coder named Kalenzo from the TSD days, anyway in the process of trying to make it into a mt5 version, so did this version which needs testing before I convert it, preliminarily it seems to be okay, but needs testing.

What are Fibonacci Pivots?

Fibonacci Pivot Points use Fibonacci ratios to identify more precise price zones.

What's the difference between Fibonacci Pivots and Standard Pivot Points?

Pivot Points are simple and commonly utilized, rendering them an excellent option for novices or traders seeking swift and dependable levels in range-bound markets. Nevertheless, they do not consider market psychology to the same extent as Fibonacci ratios.

Fibonacci Pivot Points prove to be especially useful in volatile or trending markets. By integrating Fibonacci levels into the Pivot Points, they offer more accurate confluence zones, which makes them particularly appealing to experienced traders.

Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

875
mrtools wrote: Sat Jan 25, 2025 6:57 am This was an old Fib pivots indicator by a coder named Kalenzo from the TSD days, anyway in the process of trying to make it into a mt5 version, so did this version which needs testing before I convert it, preliminarily it seems to be okay, but needs testing.
Those who downloaded already, forgot to add the timeframe to the pivot, posted a revised version at the original post, sorry for the hassle!
These users thanked the author mrtools for the post (total 2):
RodrigoRT7, vvFish


Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

876
mrtools wrote: Sat Jan 25, 2025 10:43 am Those who downloaded already, forgot to add the timeframe to the pivot, posted a revised version at the original post, sorry for the hassle!
Good evening Mr Tools, how are you?

I think the upload was not successful, as the download indicator does not appear here.

tks in advance
These users thanked the author RodrigoRT7 for the post:
mrtools