The Full Fibo Pivot Signal indicator for mt4 (Metatrader 4) is a simple-to-use buy and sell indicator based on the Fibonacci + pivot trading method.
The indicator pops up in a separate MT4 chart window as a gray colored oscillator that provides bullish and bearish trend bias.
Buy & Sell Trade Example
- Open a long trade as soon as the gray oscillator bars turn back above the 0.00 midpoint.
- Open a short trade as soon as the gray oscillator bars turn back below the 0.00 midpoint.
The Full Fibo Pivot Signal can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
Free Download
Download the “FullFiboPiv_Weekly_DK.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the Full Fibo Pivot Signal 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 Full Fibo Pivot Signal 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 + pivot
Does the indicator repaint? No.
Full Fibo Pivot Signal + Weighted Moving Average Cross MT4 Strategy
This MT4 strategy combines the powerful Full Fibo Pivot Signal Indicator with the dynamic Weighted Moving Average Cross Indicator.
By merging these two tools, traders can filter out weak setups and catch trending moves more confidently.
This strategy works well on the 15-minute, 30-minute, and 1-hour charts, making it suitable for both day traders and swing traders who want a structured approach to enter and exit trades.
The Full Fibo Pivot Signal Indicator plots signals around key Fibonacci-based pivot levels.
A buy signal is triggered when the indicator crosses above the zero level, and a sell signal appears when it crosses below.
The Weighted Moving Average Cross Indicator adds a trend confirmation layer.
It shows a bullish bias when the red line crosses the blue line from the bottom up and a bearish bias when the red line crosses the blue line from the top down.
Buy Entry Rules
- Wait for the Full Fibo Pivot Signal Indicator to cross above the zero level, indicating bullish momentum.
- Confirm that the red line of the Weighted Moving Average Cross Indicator crosses the blue line from the bottom up.
- Place your buy order at the next candle close after both conditions align.
- Set a stop loss just below the most recent swing low or pivot level.
- Take profit at the next key Fibonacci resistance or at least 2 times the risk.
Sell Entry Rules
- Wait for the Full Fibo Pivot Signal Indicator to cross below the zero level, indicating bearish momentum.
- Confirm that the red line of the Weighted Moving Average Cross Indicator crosses the blue line from the top down.
- Place your sell order at the next candle close after both conditions align.
- Set a stop loss just above the most recent swing high or pivot level.
- Take profit at the next key Fibonacci support or at least 2 times the risk.
Advantages
- Combines two complementary indicators for stronger trade confirmation.
- Clear entry and exit rules reduce emotional decision-making.
- Works across multiple timeframes and currency pairs.
- Flexible risk management options with pivot-based stops and targets.
Drawbacks
- Signals may lag during high-volatility news events.
- False signals can occur during very choppy sideways markets.
- Requires patience to wait for both conditions to align.
Case Study 1: EUR/USD 30-Minute Chart
On the EUR/USD 30-minute chart, the Full Fibo Pivot Signal crossed above the zero level while the Weighted Moving Average Cross red line crossed the blue line bottom-up.
A buy order was placed at 1.0850 with a stop loss at 1.0825.
The pair rallied steadily to 1.0920, hitting a 70-pip profit at the next Fibonacci resistance.
This demonstrates how combining both indicators helps capture trending moves with a high reward-to-risk ratio.
Case Study 2: GBP/JPY 1-Hour Chart
On the GBP/JPY 1-hour chart, the Full Fibo Pivot Signal crossed below the zero level, and the Weighted Moving Average Cross red line crossed the blue line top-down.
A sell order was placed at 186.40 with a stop loss at 186.90.
The market declined to 185.20 within a few hours, securing a 120-pip profit near the next pivot support.
This case shows how the strategy can also work effectively in bearish conditions.
Strategy Tips
- Test the strategy on a demo account before using it live to build confidence.
- Use higher timeframes like H1 or H4 for stronger signals and fewer false breakouts.
- Combine this setup with basic price action (such as support and resistance) for added confluence.
- Avoid trading just before major economic news releases to reduce whipsaw risk.
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Download the “FullFiboPiv_Weekly_DK.mq4” indicator for Metatrader 4
