Fibonacci Pivot Trading System 2

Fibonacci Pivot Trading System (Fib Pivots)

Unlock dynamic price action and high-probability setups with the Fibonacci Pivot Trading System! This powerful indicator intelligently overlays Fibonacci-based pivots, support/resistance levels, and actionable signals onto your chart, so you never miss an opportunity.

How It Works:

Pivot Logic: Utilizes Fibonacci pivots, plus options for Traditional, Woodie, Classic, DM, and Camarilla styles.

Multi-Timeframe Anchors: Works on daily, weekly, and monthly pivots.

5m & Daily Pivots: For intraday scalping, target the first break of the day with 5-minute candles.

1h & Weekly/Monthly Pivots: For swing trades, watch 1-hour candles and the first break of each week or month.

Breakout Focus: Detects both breakouts and rejections, but is tailored towards breakout trading for reliable momentum.

Take Profit / Stop Loss: Automatically sets take profit at the next two Fibonacci pivots after a break. Stop loss is positioned beyond the middle pivot, never inside the consolidation zone.

EMA Confluence: Extra confirmation using the 20, 50, 100, and 200 EMAs:

Longs: Only if all EMAs are below price.

Shorts: Only if all EMAs are above price.

Volume & RSI Confirmation: Volume filter is enabled for added signal strength. RSI filter is optional (unchecked by default).

Clean Charting: Full control over visible levels, consolidation zone, labels, TP/SL lines, and entry signals.

Alerts: Real-time notifications for every breakout or rejection.

Best For:

Breakout and momentum traders

Intraday scalpers (5m/daily pivots)

Swing traders (1h/weekly/monthly pivots)

Anyone seeking robust confluence and strong risk management

Tip:
Focus on the first break of each day, week, or month. Avoid entries in the consolidation zone. For even higher confidence, use the EMA confluence: take longs only with all EMAs below price, shorts only if above. Happy winnings!