The Fibonacci Pivot Lines indicator for MT4 is a technical analysis tool that combines the power of Fibonacci ratios with traditional pivot point calculations to automatically plot dynamic support and resistance levels. This makes it easier for traders to identify bullish and bearish market conditions and plan effective intraday trades.
Unlike classic pivot indicators, this tool plots pivot levels based on Fibonacci ratios of 0.38, 0.62, and 0.99, providing additional precision in identifying key price zones. The indicator calculates:
Pivot Line (Magenta): The central level for trend bias.
Resistance Levels (FR1, FR2, FR3 in Green): Potential targets during bullish moves.
Support Levels (FS1, FS2, FS3 in Red): Potential targets during bearish moves.
These levels are automatically recalculated daily but remain visible on lower timeframes, making them highly effective for intraday trading strategies.
Confirm that the price is above the pivot line (Magenta).
Enter a buy trade if the price breaks above FR1 (first resistance).
Place a stop-loss below the pivot line for protection.
Target the next resistance level (FR2 or FR3) for profit-taking.
Confirm that the price is below the pivot line.
Enter a sell trade if the price moves below FS1 (first support).
Place a stop-loss above the pivot line.
Target the next support level (FS2 or FS3) for profit-taking.
Dynamic Support & Resistance: Combines Fibonacci ratios with pivot points for precise levels.
Intraday Trading Friendly: Levels remain visible across lower timeframes.
Suitable for All Traders: Beginners can use it for stop-loss and take-profit calculations, while advanced traders can combine it with other technical tools for confluence trades.
Automatic Updates: Pivot levels are recalculated daily to reflect current market conditions.
While the Fibonacci Pivot Lines indicator provides accurate support and resistance levels, it is recommended to confirm trades with price action or other indicators like RSI or MACD. This reduces false signals and increases the probability of successful trades.
The Fibonacci Pivot Lines indicator for MT4 is a powerful tool for identifying key support and resistance levels using Fibonacci ratios. It’s highly effective for intraday trading and helps both novice and experienced traders make informed decisions. Download the indicator and improve your MT4 trading strategy today on IndicatorForest.com.
Published:
Nov 23, 2025 02:46 AM
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