Pivot_Fibs_Custom - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

ARCHER TRADING LIMITED.

A set of Fibonacci levels (pivot points) constructed based on candles in the time range specified in the input.

 //+------------------------------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------------------------------+
Input ENUM_TIMEFRAMES time range = PERIOD_H12 ; // chart period
Enter double Fibonacci ratio 1 = 0.99 ; Enter double Fibonacci ratio 2 = 0.382 ; Enter double Fibonacci ratio 3 = 0.618 ; Enter integer shift = 0 ; // Horizontal movement of the indicator (in bars)

The indicator was first implemented in MQL4 and published in the code base of mql4.com on November 30, 2007.

Figure 1. Indicator Pivot_Fibs_Custom

Attachment download

📎 pivot_fibs_custom.mq5 (25.07 KB)

Source: MQL5 #22757