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Indicators

ZIGZAG CALIBRATION TOOLS - indicator for MetaTrader 5

Salah Hachani | English Русский 中文 Español Deutsch 日本語 Português 한국어 Français Italiano Türkçe
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Purpose

This is not just a regular ZigZag.
It has been designed as aprecise visual reference tool to helpbalance or analyze other indicators, whether on the main chart or in sub-windows.

It worksonly with confirmed ZigZag values, ensuring that the displayed points are fully reliable.
Each detected move is enriched with key information:

  • Theperiods defined by the ZigZag

  • Theexact price of the top or bottom

  • Thedirection and movement

  • Thenumber of pips covered

All this is displayed in a clear way and can befully disabled via simple checkboxes in the settings.

Main Features

  1. Custom ZigZag

    • Adjustable colour, thickness, and style

    • Option to turn ZigZag display on/off

  2. Visual Markers

    • Colored vertical lines for each top and bottom

    • Distinct colours for highs and lows

    • Perfect alignment with the corresponding bars

  3. Dynamic Labels

    • Price display + direction symbol (triangle ▲ or ▼)

    • Number of pips between two ZigZag points

    • Adjustable font size and color

    • Smart positioning to avoid overlapping with price candles

  4. Full Control

    • Boolean parameters to toggle ZigZag and labels independently

    • Option to limit the number of analyzed bars for better performance

    • Automatic removal of all indicator objects upon uninstall


Translated from French by MetaQuotes Ltd.
Original code: https://www.mql5.com/fr/code/62603

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