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Indicators

Fractal ZigZag (never repaints) - indicator for MetaTrader 4

Point Zero
Views:
74443
Rating:
(10)
Published:
2012.03.16 06:11
Updated:
2016.11.22 07:32
Download as ZIP, How to download code from MetaEditor
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This indicator is very simple: it shows signals triggered using Fractals and the original ZigZag indicator without any further filtering.

It does never -ever- repaint a past signal and therefore it useful to study the real behavior of the ZigZag -which does repaint- as a trading tool over time.

You should complement signals with your own trading strategy or edit the source code to do it.

As you can see, many signals are repainted by ZigZag indicator over time.

It depends on original MetaQuotes ZigZag indicator -attached-.




Recommendations:

  • Do not trade this indicator by itself
  • You can use this indicator template to filter zigzag signals with your trading strategy

Features:

  • Adjustable ZigZag parameters
  • You decide wether to evaluate bar zero or not
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