Monthly Fib Pivot Point Metatrader 4 Indicator
This indicator 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.
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.
USD/JPY Monthly Chart Example