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Master Hourly Pivot Points with Color Filling in MetaTrader 4

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Update (5/4/2018):

  • Resolved an issue with calculating Support/Resistance points using Fibonacci.
  • Fixed a bug related to drawing objects within the indicator.

This powerful indicator offers two methods for calculating R1/R2/R3/S1/S2/S3: the standard formula and Fibonacci levels. You can easily choose your preferred method to enhance your trading strategy.


Main Parameters

  • PivotMode:
    • Normal: Uses the standard formula for calculating Support and Resistance levels.
    • Fibonacci: Utilizes Fibonacci levels for calculating Support and Resistance.
  • CurrentHourOnly: If set to true, it calculates only the latest hourly Pivot Points.

Hourly Pivot Points Color Filling

Hourly Pivot Points Color Filling

Hourly Pivot Points Color Filling

Hourly Pivot Points Color Filling

Hourly Pivot Points Color Filling

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