High accuracy Fibonacci Pivot Trading with Slope Direction Line Trend Filter – The pivot point itself is the primary support/resistance.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
This means that the largest price movement is expected to occur at this price. The other support and resistance levels are less influential, but may still generate significant price movements.
MetaTrader Trading Indicators
- FiboPiv
- Slope Direction Line
- Heiken Ashi Smoothed
- Williams’ Percent Range
- GMACD Signals
- WPR
BUY Rules
- Price above the Pivot line (Blue color)
- Slope Direction Line: Blue color
- Heiken Ashi Smoothed: Green color
- Williams’ Percent Range: Above the level -45 level
- GMACD Signals: Trend UP
SELL Rules
- Price below the Pivot line (Blue color)
- Slope Direction Line: Tomato color
- Heiken Ashi Smoothed: Red color
- Williams’ Percent Range: Below the level -55 level
- GMACD Signals: Trend Dawn