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Published:

18 April 2018, 16:31

SimpleZZ.mq5 (14.8 KB) view

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The indicator draws on the price chart a simple ZigZag, for which you need to specify only the step value. A break point is added when the length of the ZigZag leg (step) is exceeded.

The indicator provides two possible options for specifying the step:

in points
in percentage

The indicator has two input parameters:

Step calculation method - step calculation method;
Step size - step value.

Fig.1 H4, step in points: 800 points

Fig.2 H4, step in percentage: 50%

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20055

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SimpleZZ - indicator for MetaTrader 5