FiboPiv_Daily_DK - Indicator for MetaTrader 4

The indicator is used for intraday trading on medium and small timeframes. The principle of its operation is the construction of Fibonacci levels and the delineation of the graph into two parts. The line that separates the top from the bottom is called the Daily Pivot and highlighted in red.

Trading rules:

• If the price is above the Daily Pivot line, you should consider selling;
• If the price is below the Daily Pivot line, it is worth buying.