Hourly Pivot Points with Color Filling – indicator for MetaTrader 4.
This indicator uses two ways to calculate R1/R2/R3/S1/S2/S3: normal formula and Fibonacci, and users can choose one from them.
Main parameters
- PivotMode:
- Normal: use normal formula to calculate S and R.
- Fibonacci: use Fibonacci to calculate S and R.
- CurrentHourOnly: only calculate the latest hourly PP if true.