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Monthly Fib Pivot Point Metatrader 4 Indicator

    This indicator for MT4 calculates the monthly pivot point along with support levels (s1,s2,s3) and resistance levels (r1,r2,r3) for all currency pairs.

    Excellent for long term traders.

    General Assumptions

    • Price bullish above the monthly pivot point.
    • Price bearish below the monthly pivot point.
    • Price strongly bullish above R2.
    • Price strongly bearish below S2.
    • Price extremely overbought above R3.
    • Price extremely oversold below S3.


    Download the Monthly Fib PP.mq4 indicator.

    USD/JPY Monthly Chart Example


    How to install the Monthly Fib Pivot Point custom indicator in Metatrader 4?

    • Download the Monthly Fib PP.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.