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Hi all,
I am looking for a ZigZag indicator for MT4 that shows a reversal leg based on point/percentage reversal. The one in MT4 and all that I can find on various forums are based on time. I dont want those "ExtDepth", "Ext Deviation" and "Ext Backstep". I want "point reversal" and "percentage reversal" (user can choose one of them).
Say the indicator is set to reversal = 10% and its last leg is upward, the indicators will keep repaint its last leg on every higher point until a reversal of 10% from the highest point is reached, then it will draw a leg in reverse direction.
This is the standard ZigZag in built in Sierra Chart but I cant find it in MT4.
Any help?
Thank you.
PS. An additional feature preferred is to have it calculated the distance between two angles, like the picture below. I also attached the mq4 file for code reference. I got this from the forum.
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