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.

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.

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Download the Monthly Fib PP Metatrader 4 indicator.

USD/JPY Monthly Chart Example

monthlypivot-mt4

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