The FiboPiv V2 Indicator MT4 is a powerful tool that combines Fibonacci extensions with pivot points to provide intraday traders with precise breakout signals. Designed for the MetaTrader 4 platform, this free indicator simplifies trading by identifying potential price reversal zones, breakout levels, and target prices. Whether you follow trends or prefer swing trading, FiboPiv V2 offers reliable guidance for better decision-making.
FiboPiv V2 merges two powerful technical tools: pivot points and Fibonacci extension channels. Pivot points allow traders to identify possible breakout zones, while Fibonacci extensions forecast potential target levels. Together, these features create a visually intuitive chart tool that enhances both trend-following and swing trading strategies.
Additionally, the indicator pairs well with other tools like:
RSI (Relative Strength Index)
Stochastic oscillator
This combination improves signal reliability and risk management.
Wait for the price to break above the pivot level.
Execute a buy order when a candle closes above the pivot.
Set stop-loss (SL) below the recent market low.
Use the Fibonacci extension levels (38%, 50%, 62%) plotted above the pivot as target areas.
Targeting higher Fibo extensions increases potential profit compared to the calculated risk.
Price breaks below the pivot level signaling a bearish breakout.
Open a sell order under the pivot zone.
Place SL above the recent market high.
Hold the trade until the price reaches the Fibonacci support levels.
Exit if the price fails to break below the Fibo levels.
Aim for at least a 2R reward-to-risk ratio to maximize trading efficiency.
The FiboPiv V2 Indicator comes with pre-configured default parameters and doesn’t allow adjustments to the calculation logic. However, you can:
Enable DLL import for accurate pivot calculations.
Adjust visualization across timeframes, from 1-minute to monthly charts.
The Fibonacci extension levels are:
Support/Resistance 1 = 38%
Support/Resistance 2 = 50%
Support/Resistance 3 = 62%
These levels provide precise guidance for entry, exit, and profit targets.
Simplifies intraday breakout trading for beginners and experts
Combines pivot points with Fibonacci levels for accurate targets
Works seamlessly with trend-following and swing strategies
Free to download and easy to use on MT4
Reduces the complexity of deciding entry and exit points
By following its clear rules, traders can confidently navigate volatile markets and improve consistency.
The FiboPiv V2 Indicator MT4 is an essential tool for breakout traders seeking accurate pivot levels and Fibonacci-based target areas. Its ease of use, fixed settings, and reliable signals make it a perfect addition to any intraday or swing trading strategy. For more MT4 trading indicators, tutorials, and trading resources, visit IndicatorForest.com today
Published:
Nov 29, 2025 00:20 AM
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