Hi guys, this is a simple fibo pivot indicator, it calculate the main fibo resistances and supports every day, it's very simple, and in many cases our patterns are going to bounce on these levels, here an example of the 15 min butterfly of this morning, the D point it s on the support 2 of the fibo pivot, later this evening on the 1h bearish gartley, the price reached the resitance 3 and then reversed... now the price it's capped by the resistance 2
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fibo pivot 2.ex4fibo pivot 2.mq4
nice.. I'll be happy to try it, maybe I'll load some screenshot.. thanks kid!