New article The ZigZag Indicator: Fresh Approach and New Solutions is published:
The article examines the possibility of creating an advanced ZigZag indicator. The idea of identifying nodes is based on the use of the Envelopes indicator. We assume that we can find a certain combination of input parameters for a series of Envelopes, whereby all ZigZag nodes lie within the confines of the Envelopes bands. Consequently, we can try to predict the coordinates of the new node.
Every trader surely knows the ZigZag indicator intended for the analysis
of price movements of given or greater amplitude. A ZigZag line is a
broken line whose nodes are located at highs and lows of the price
There are many variations of this indicator. Yet, a lot of MQL5 program developers are keen on creating their own 'ideal' ZigZag.
We will set an objective: to find coordinates of two nodes - the current
and the predicted node (Fig. 1). The current node is a node that is not
yet completed whose coordinates are still being searched for or
adjusted. Moreover, it is always on the current (zero) bar. While being
in the future, a predicted node must show the estimated level of the
next ZigZag node.
Fig. 1. Predicting new ZigZag nodes: the current node and the next node.
Author: Sergey Pavlov
The files must be copied as follows:
Thanks by your answer! :-D
But was exactly what I did, see the picture. It continues not compiling with 80 errors
The compiled file indicator
If you have windows7, maybe the terminal you are using is inside this folder:
Try to search this way and let us know.
Form your editor go check where your indicators are really stored
1. mouse Right click on indicator source file
2. Left click on Properties
3. Select the Location value copy and paste in windows explorer address bar
Through Tester it seems no to work correctly
The indicator uses 454 indicators iMA!!!
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