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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