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Moving Pivot Average Fibonacci

Moving pivot Average Fibonacci

The  indicator compares the selected period with its counterpart from the previous period.

The indicator determines the moving Fibonacci levels for the day or any time interval to assess the price movement range from the time average.

The indicator helps predict the expected high or low for the day based on historical time data.

The pivot line can be considered an average trend line and use it in a variety of trading strategies.


If you have any question about the indicator, your comments are welcome.


Features

  • Works for all timeframes.
  • 100% non-repaint indicator.
  • Settings are customizable.

 







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Moving Pivot Average    The pivot indicator compares the selected period with its counterpart from the previous period. The indicator uses very flexible algorithm for pivot value calculating. It allows you to allocate in days a certain time intervals (custom bars) and calculate the average pivot value based on High, Low and Close prices of these bars. How many custom bars will be taken into account is determined by the "Days" setting. The pivot line can be considered an average trend line and us
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