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micro pivots
Info
The micro pivots is a Indicator for MetaTrader 5 that indicator micro pivots displays the selected fibonacci levels between two moving averages. it has thirty-two adjustable parameters:first ma period- first moving average calculation periodfirst ma method- first moving average calculation methodfirst ma applied price- first moving average calculation pricesecond ma period- second moving average calculation periodsecond ma method- second moving average calculation methodsecond ma applied price- second moving average calculation priceshow fibo-level 1- show fibonacci level 1fibo-level 1 value- value of fibonacci level 1show fibo-level 2- show fibonacci level 2fibo-level 2 value- value of fibonacci level 2show fibo-level 3- show fibonacci level 3fibo-level 3 value- value of fibonacci level 3show fibo-level 4- show fibonacci level 4fibo-level 4 value- value of fibonacci level 4show fibo-level 5- show fibonacci level 5fibo-level 5 value - value of fibonacci level 5show fibo-level 6- show fibonacci level 6fibo-level 6 value- value of fibonacci level 6show fibo-level 7- show fibonacci level 7fibo-level 7 value- value of fibonacci level 7show fibo-level 8- show fibonacci level 8fibo-level 8 value- value of fibonacci level 8show fibo-level 9- show fibonacci level 9fibo-level 9 value- value of fibonacci level 9show fibo-level 10 - show fibonacci level 10fibo-level 10 value- value of fibonacci level 10show fibo-level 11- show fibonacci level 11fibo-level 11 value- value of fibonacci level 11show fibo-level 12- show fibonacci level 12fibo-level 12 value- value of fibonacci level 12show fibo-level 13- show fibonacci level 13fibo-level 13 value - value of fibonacci level 13types of moving averages that can be used as the calculation method:simple - exponential - smoothed - linear-weighted - wilder exponential- sine-weighted- triangular - least square- hull ma by alan hull- zero-lag exponential- instantaneous trendline by j.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use micro pivots
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
indicator micro pivots displays the selected fibonacci levels between two moving averages.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: The Quantitative Microstructure Matrix - another powerful indicator for MetaTrader 5 traders.
indicator micro pivots displays the selected fibonacci levels between two moving averages.
Also recommended: dynamic pivots - similar indicator with strong performance on MetaTrader 5.
it has thirty-two adjustable parameters:first ma period
- first moving average calculation period
first ma method
- first moving average calculation method
first ma applied price
- first moving average calculation price
second ma period
- second moving average calculation period
second ma method
- second moving average calculation method
second ma applied price
- second moving average calculation price
show fibo-level 1
- show fibonacci level 1
fibo-level 1 value
- value of fibonacci level 1
show fibo-level 2
- show fibonacci level 2
fibo-level 2 value
- value of fibonacci level 2
show fibo-level 3
- show fibonacci level 3
fibo-level 3 value
- value of fibonacci level 3
show fibo-level 4
- show fibonacci level 4
fibo-level 4 value
- value of fibonacci level 4
show fibo-level 5
- show fibonacci level 5
fibo-level 5 value
- value of fibonacci level 5
show fibo-level 6
- show fibonacci level 6
fibo-level 6 value
- value of fibonacci level 6
show fibo-level 7
- show fibonacci level 7
fibo-level 7 value
- value of fibonacci level 7
show fibo-level 8
- show fibonacci level 8
fibo-level 8 value
- value of fibonacci level 8
show fibo-level 9
- show fibonacci level 9
fibo-level 9 value
- value of fibonacci level 9
show fibo-level 10
- show fibonacci level 10
fibo-level 10 value
- value of fibonacci level 10
show fibo-level 11
- show fibonacci level 11
fibo-level 11 value
- value of fibonacci level 11
show fibo-level 12
- show fibonacci level 12
fibo-level 12 value
- value of fibonacci level 12
show fibo-level 13
- show fibonacci level 13
fibo-level 13 value
- value of fibonacci level 13
types of moving averages that can be used as the calculation method:
simple
-
exponential
-
smoothed
-
linear-weighted
-
wilder exponential
-
sine-weighted
-
triangular
-
least square
-
hull ma by alan hull
-
zero-lag exponential
-
instantaneous trendline by j.ehlers
-
moving median
-
geometric mean
-
regularized ema by chris satchwell
-
integral of linear regression slope
-
combination of lsma and ilrs
- moving average - combination of and methods
triangular ma generalized by j.ehlers
-
volume-weighted
-
You may also like: fibo pivots - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.