The All Fibonacci Pivots Forex indicator for MT4 draws the pivot point + all Fibonacci support & resistance levels on the chart.
The indicator appears in the main MT4 chart window as a pure price action Forex indicator.
The following information is shown on the trading chart:
- Pivot Point
- Fibonacci S1, S2 and S2 levels (support)
- Fibonacci R1, R2 and R3 levels (resistance)
Basic buy and sell trade example:
- A buy signal occurs as soon as the price closes above the pivot point (bullish).
- A sell signal occurs as soon as the price closes below the pivot point (bearish).
- Take profit at the Fibonacci support (sell trade) and resistance levels (buy trade).
The All Fib Pivots indicator can be used for both entry and exit signals or to confirm buy & sell trade setups issued by your favorite trading systems or strategies.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “Fib_Pivots_02.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the All Fib Pivots MT4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the All Fib Pivots Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Fibonacci + Pivots
Does it repaint? No.
All Fibonacci Pivots + Stochastic Oscillator MT4 Day Trading Strategy
Introduction
This day trading strategy combines the All Fibonacci Pivots Indicator with the Stochastic Oscillator.
Fibonacci Pivots provide key intraday support and resistance levels, while the Stochastic Oscillator helps identify overbought or oversold conditions.
This combination is ideal for trading Gold (XAU/USD) and EUR/USD on M5–M15 timeframes during London and New York sessions.
Buy Entry Rules
- Price is above the Pivot Point (PP) or approaching a Fibonacci support level.
- Stochastic Oscillator %K line crosses above the %D line from below 20 (oversold region).
- Enter a buy trade at the close of the confirming candle.
- Stop loss: below the recent swing low or key Fibonacci support.
- Take profit: next Fibonacci resistance or a 1:2 risk-to-reward ratio.
- Exit early if the price falls below the support or the Stochastic turns back down.
Sell Entry Rules
- Price is below the Pivot Point (PP) or approaching a Fibonacci resistance level.
- Stochastic Oscillator %K line crosses below the %D line from above 80 (overbought region).
- Enter a sell trade at the close of the confirming candle.
- Stop loss: above the recent swing high or key Fibonacci resistance.
- Take profit: next Fibonacci support or a 1:2 risk-to-reward ratio.
- Exit early if price rises above resistance or Stochastic turns back up.
Advantages
- Clear support and resistance levels help define entry and exit points.
- The Stochastic Oscillator confirms momentum and filters false breakouts.
- Works well on both currency pairs and commodities like Gold.
- Suitable for intraday trading with defined risk management.
Drawbacks
- Choppy or low-volatility sessions may produce false signals.
- Targets can be small on lower timeframes, making spreads significant.
- Requires active monitoring during fast-moving markets.
Example Case 1 — XAU/USD, 5-Minute Chart
During the London session, XAU/USD is trading above the Pivot Point.
The Stochastic Oscillator is below 20, and %K crosses above %D.
Enter a buy at 1,800.00, with a 10-pip stop loss at 1,795.00 and take profit at 1,810.00.
Price reaches the target within 45 minutes for a +10 pip gain.
Example Case 2 — EUR/USD, 15-Minute Chart
During the New York session, EUR/USD is trading below the Pivot Point.
The Stochastic Oscillator is above 80, and %K crosses below %D.
Enter a sell at 1.2100, with a 10-pip stop loss at 1.2120 and take profit at 1.2020.
Price declines to the take profit level within 1 hour for a +20 pip gain.
Strategy Tips
- Trade only when both Fibonacci Pivots and Stochastic signals align.
- Use higher timeframes to confirm the overall trend before entering lower timeframe trades.
- Adjust stop loss and take profit levels according to pair volatility.
- Avoid trading during major news events to reduce whipsaws.
- Consider a trailing stop once the trade moves halfway to the target to secure profits.
