Pivot_Fibs_Custom

Real author:

Archer Trading, LLC

A set of Fibo levels (pivot points) built on candles of the timeframe specified in the inputs.

//+----------------------------------------------+
//|  INDICATOR INPUT PARAMETERS                  |
//+----------------------------------------------+
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H12;           // Chart period
input double FiboRatio1=0.99;
input double FiboRatio2=0.382;
input double FiboRatio3=0.618;
input int Shift=0;                                    // Horizontal indicator shift in bars

This indicator was first implemented in MQL4 and published in the Code Base at mql4.com on November 30, 2007.

Fig.1. Indicator Pivot_Fibs_Custom