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2014.05.27 15:04
Indicators

XigXag - indicator for MetaTrader 4

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XigXag.mq4 (5.78 KB)view

XigXag is a modification of the ZigZag indiactor. This is used in the Xtrader which can be found on the Market place. The input parameters are best described here: https://www.mql5.com/en/code/7796

  • ExtDepth=12; Number of bars for the next high or low when calculating ExtDeviation.
  • ExtDeviation=5; Number of pips higher or lower than previous high or low.
  • ExtBackstep=3; Minimal amount of bars between highs and lows.

XigXag and Xtrader

Xtrader uses this indicator to generalize highs and lows for opening and closings positions at a loss.

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