ZigZag

ZigZag on Fractals – indicator MetaTrader 5

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ZigZag on Fractals
ZigZag on Fractals uses fractals (iFractals, Fractals) as reference peaks. Here, the following rule is applied: Where the latest peak was built on the DOWN-fractal and the current DOWN-fractal detected is lower, then the ZigZag will be moved down to the current peak detected: Use in trading – the two methods opposed: Trading in the … Read more

ZigZag EA – EA MetaTrader 5

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ZigZag EA
Author of the idea: Iurii Tokman MQL5 code author: barabashkakvn The EA applies data from the ZigZag custom indicator. This indicator is used to define the channel. Buy Stop and Sell Stop pending orders are placed along the channel borders. After a pending order is activated, trailing can be enabled for a position. Stop loss … Read more

ATR ZigZag – indicator MetaTrader 5

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ATR zigzag in action
ZigZag implementation using an ATR threshold for directional change, as well as a secondary trigger based on time. Variable input settings include changing: The multiplier of the ATR threshold Period for ATR calculation Minimum and maximum number of bars before allowing or forcing a direction change A setting for realtime processing of most current bar … Read more

ZigZag Signal – indicator MetaTrader 4

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Indicator ZigZag System with Signal and Alert base of the ZigZag Indicator by MetaQuotes Software Corp. with alert, email alert and option to display trader info and signal. Hopefully useful for fellow traders. Update 2018-12-29: Update adding option Alert on bar after limit upper and lower, and fixed the error cause the alert not working … Read more

ZigZag Based on Close Prices – indicator MetaTrader 4

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ZigZag Based on Close Prices - indicator for MetaTrader 4
The code is based on indicator ZigZag which is in-built in MT4, developed by MetaQuotes. I have changed it slightly so that it isn’t calculated on highest Highs and lowest Lows, but instead uses highest Close and lowest Close of chart price history. See chart below for differences: ZigZag (red) versus ZigZagClose (yellow). Some differences … Read more