Fibonacci Pivot Points - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The Fibonacci Pivot Points indicator can plot any number of levels for any known time frame available for MetaTrader 5.
To insert any level, just enter the levels in the levels parameter, separated by ";" in the level list. The default values used are 38.2%, 61.8%, and 100%, but you can customize it to any level you want.
Attachment download
📎 fibo_pivots.mq5 (13.43 KB)
Source: MQL5 #21008
Fibonacci Pivot Points - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Fibonacci Pivot Points - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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