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MetaTrader 5 Libraries | Trading Signals Module Based on Delta ZigZag Indicator

Trading signals module based on Delta ZigZag indicator for MQL5 Wizard.

Buy Signals:

When the price breaks indicator's horizontal level from the bottom up, it is assumed that a descending trend has been replaced by an ascending one, and the module displays buy signal.

Sell Signals:

When the price breaks indicator's horizontal level from top downward, it is assumed that an ascending trend has been replaced by a descending one, and the module displays sell signal.

Module input parameters:

In addition to indicator parameters, you can set an absolute value of a generated forecast (trend).

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Fig. 1 Example of the trading signals based on Delta ZigZag indicator

Tips:

  • The module is best applied for determining a trend on high timeframes for filtering trading signals in smaller periods.
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