Hourly Pivot Points with Color Filling – MetaTrader 4 Indicator

Hourly Pivot Points with Color Filling – indicator for MetaTrader 4.

Trading NOTES

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Use a demo account or a small live account first to practice this trading system

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.