FiboPivotCandleBar - indicator for MetaTrader 4 This indicator is a composite of several indicators: Fibonacci, Pivot Point, ZigZag, MACD and Moving Average which are combined in this indicator. This indicator gives advice to buy and sell with the direction of the arrow.
D1 price is located above 200-day SMA (200 SMA) and 100-day SMA (100 SMA) for the primary bullish market condition with the secondary ranging within the following s/r levels: Fibo resistance level at 1.1437 located far above 100 SMA/200 SMA in the primary bullish area of the chart, and61.8% Fibo support level at 1.1057 located near 200 SMA in the beginning of the bearish area of the chart. RSI indicator is estimating the ranging bullish trend to be continuing. ...
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