Forex Fibo Pivot Points Trading Strategy
From the Old Kings archive: Forex Fibo Pivot Points Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is pivot points (daily or weekly support / resistance levels) and Fibonacci retracement or extension levels. In the code it works with moving averages. It has 4 settings, for example Fast EMA (default 5), Slow EMA (default 15) and Signal SMA (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Fibo Pivot Points Trading Strategy
Forex Fibo Pivot Points Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It has 4 settings, such as Fast ema, Slow ema and Signal sma. MQL source code included.
Files in the download: Fibonacci_Channel_v3.ex4, fibopivotchan.tpl, installation manual.txt, Real MACD Colored.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 5 | |
| Slow ema | 15 | 23 |
| Signal sma | 1 | 0 |
| Min diff | 0.0 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Fibonacci · Pivot Points · Moving Average · MT4 Indicator · MQL4 Source Code