## FPI + Fibonacci = Triangular FM Pivots

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Nicholishen
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### FPI + Fibonacci = Triangular FM Pivots

I originally posted this on TSD then ND burried it in some old piv thread. So I'm putting it here for discussion, where it belongs in the first place.

This is a combination of Triangular price calculation and Fibonacci retracement levels. The levels can be deadly accurate, especially when they overlap a key fib or pivot point.

How are they calculated?
The IND searches for triangular rings containing the chart symbol. It then calculates the new pivot levels based on the 0% and 100% fibonacci retracement levels of the remaining two symbols using the 1=(a/b)*(b/c)*(c/a) formula.

Why does it work?
FM
Attachments
Triangular FM Pivots.mq4

wolfe
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Thanks Nicholishen for sharing your indicator. I assume the market must be open in order for it to display. I look forward to testing this out!

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Thanks for sharing this indicator!I will test it in my strategy that is both fibo and pivot based.

sdb_quamtum
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### Where can i find this indicator?

I am new to this forum.
where can i find this indicator?

sdb_quamtum
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Ooopss! Now i see it!!

chaowarin
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Thank for sharing "Nicholishen"

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