What is fibo-pivot-v2-indicator?
fibo-pivot-v2-indicator places a central pivot and six surrounding levels: S1, S2, S3, R1, R2, and R3. Their positions are based on Fibonacci calculations rather than a plain standard pivot formula.
The display is built for visual customization. Each level can have its own color, line style, and width, while the daily basis keeps the map focused on broader intraday reference areas.
How to use fibo-pivot-v2-indicator
Add fibo-pivot-v2-indicator to an MT5 chart and inspect the seven plotted levels around the daily pivot.
Use the R3 through S3 color, style, and width inputs to separate the levels visually without changing the calculation source.
Where it helps
Displays one pivot plus three support and three resistance references.
Uses Fibonacci spacing that can differ from ordinary pivot placement.
Offers separate visual controls for each plotted level.
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Color_R3 | Sets the display color for this option. Default: MediumSeaGreen. |
| Color_R2 | Sets the display color for this option. Default: MediumSeaGreen. |
| Color_R1 | Sets the display color for this option. Default: MediumSeaGreen. |
| Color_P | Sets the display color for this option. Default: DarkOrchid. |
| Color_S1 | Sets the display color for this option. Default: Red. |
| Color_S2 | Sets the display color for this option. Default: Red. |
| Color_S3 | Sets the display color for this option. Default: Red. |
| Style_R3 | Sets this calculation or display option. Default: DASHDOTDOT_. |
| Style_R2 | Sets this calculation or display option. Default: SOLID_. |
| Style_R1 | Sets this calculation or display option. Default: SOLID_. |
| Style_P | Sets this calculation or display option. Default: DASH_. |
| Style_S1 | Sets this calculation or display option. Default: SOLID_. |
| Style_S2 | Sets this calculation or display option. Default: SOLID_. |
| Style_S3 | Sets this calculation or display option. Default: DASHDOTDOT_. |
| Width_R3 | Sets the display width or text size. Default: Width_1. |
| Width_R2 | Sets the display width or text size. Default: Width_3. |
| Width_R1 | Sets the display width or text size. Default: Width_1. |
| Width_P | Sets the display width or text size. Default: Width_1. |
| Width_S1 | Sets the display width or text size. Default: Width_1. |
| Width_S2 | Sets the display width or text size. Default: Width_3. |
| Width_S3 | Sets the display width or text size. Default: Width_1. |
| TextSize | Sets the display width or text size. Default: 8. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
