so was hoping for an indicator version too if possible.... thanks again!
ps. is it zig zag? just curious i dont know squat about coding lol
Dagoods don't think an Ea would be a good idea, because it is using zig zag type logic.
thanks for the input.... perhaps you guys can help me understand if what i'm thinking is possible....this is what i've got in mind. i'm hoping to have a meter that will give simple red or green for each timeframe based on whether or not we have price above or below the second peak/valley back in time... i.e. using every other peak/valley as my indication that trend direction has changed..... so each timeframe will keep track and show whether green or red.... the logic is whther we are above or below the line in the sand as defined above...every other peak/valley....see attached the idea is to have an indicator that helps to keep us trading in the correct direction....can the peaks and valley be used for this purpose? ...can it be done?
so starting from a low hump we can go back in time to find every other high hump..... if price crosses it gives a signal and new direction as long.... vice versa for shorts.. that kind of thing...
it can be done with fractals but i like the peaks and valleys better if possible...
more info can be found at ff in the last few posts in my thread.....More Advanced ideas - Page 5 @ Forex Factory
guys should not this be doable...if not in mt4 then perhaps in ninja or other platform.... if one can mark turning points in a stoch indicator.... shouldn't zig zag points, i.e line charts, 1sma, turns points be reference able also....https://www.mql5.com/en/forum
please advise if it's possible at least
Uni zigzag semaphore : unizigzagsemaphore_v4.mq4
ZigZag corrected with fibo levels : zigzag_corrected_v3.3_fibo.ex4
It looks doable to me.
But I would not do it without a good fee.
What is the biggest difference compared to the regular zigzag?