There is a large quantity of various Zigzags and the majority of it, with difficult algorithms, don’t give required result. Besides the work principle and adjustment happens very hard to understand.
Thank you for reading this post, don't forget to subscribe!I have decided to write my own Zigzag and accordingly named it by my name.))
It is the Zigzag with a simple, clear and natural principle of work . It shows impulses and corrections which are important to you . Zigzag doesn’t redraws since it only draws the impulses which are already exist .
Options and work principle:
extern double MinRatio=0.33;
It means the relation of a new impulse to previous to which the Zigzag will react. I.e. the new line will be constructed only if current impulse is not less than 0.33 of previous.
0.5 – not less than half
0.75 – not less than three quarters etc.
MT4 Indicators – Download Instructions
[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
[post-title] provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install [post-title].mq4?
- Download [post-title].mq4
- Copy [post-title].mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on [post-title].mq4
- Attach to a chart
- Modify settings or press ok
- Indicator [post-title].mq4 is available on your Chart
How to remove [post-title].mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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