MetaTrader 4 indicator – Hourly Pivot Points with Color

5/4/2018 update:

  • Fixed an error in calculating S/R points by Fibo.
  • Fixed a bug in drawing objects.

This indicator uses two ways to calculate R1/R2/R3/S1/S2/S3: normal formula and Fibonacci, and users can choose one from them.

Main parameters

  • PivotMode:
    • Normal: use normal formula to calculate S and R.
    • Fibonacci: use Fibonacci to calculate S and R.


  • CurrentHourOnly: only calculate lastet hourly PP if true.




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About Author: Muh Ikhsan

Forex Signal 30 is the best forex system since 2009 and has been used by thousands of traders from around the world to generate profit in forex trading. This system is created by our team of Brilliant Forex Signal Team, this system is made as simple as possible for beginner and professional traders.


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