Hourly Pivot Points with Color Filling – indicator for MetaTrader 4

Hourly Pivot Points with Color Filling – indicator for MetaTrader 4

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5/4/2018 update:

  • Fixed an error in calculating S/R points by Fibo.
  • Fixed a bug in drawing objects.

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 lastet hourly PP if true.

MT4 Indicators – Download Instructions

IcHourly Pivot Points with Color Filling is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install the software?

  • Download the mq4 file from the zip file.
  • Copy the mq4 file to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on the mq4 file.
  • Attach to a chart
  • Modify settings or press ok
  • Indicator should be available on your Chart

How to remove tim.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

Hourly Pivot Points with Color Filling – indicator for MetaTrader 4

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