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Zig Zag Original candles for MQL5

This indicator was the logical continuation of the product https://www.mql5.com/en/market/product/13614.

It resulted in a tool, that does not redraw, is easily customizable to your needs, and displays important maximums and minimums of the price movement objectively.

The main feature of this indicator is the smoothing of insignificant price movements and fixation of the moment the movement direction changes, as you can see from the attached screenshots.

Given the fact that the synthetic candlesticks consider the market price fluctuations on small timeframes, the indicator can be used for scalping. In all cases, you must keep in mind that a good result can be achieved only with adequate training on a demo account.

When using each of the ZigZag models, users are able to manage support and resistance levels formed by the indicator's tops and bottoms. This makes trading on lower timeframes more attractive.


Parameters

  • MinBars - number of bars for calculation. Default - 1 000. 0 - all available history;
  • Bullish_candle - bullish candle. Default - Blue;
  • Bearish_candle - bearish candle. Default - Red;
  • Line_candle - line. Default - Green;
  • Fill color candles - fill candles with a color. Default - disabled;
  • InpModeCandels - candle display model (accurate or rough). Accurate is selected by default;
  • InpModelZig - ZigZag display model (thorough, standard, or double). Thorough is selected by default.
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Ihano Trend
Vitalii Zakharuk
Crossing points of the Ihano Trend technical indicator can be used as potential market reversal points. Thus, all intersection points will be optimal points at which the movement changes taking into account the indicator period. You can adjust the settings for any symbol and timeframe. The indicator filters signals using volatility control. At a certain interval, you can choose the optimal settings for any symbol and timeframe and work with them calmly. All calculations are based on opening pric
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Configurable Dashboard Pro by RunwiseFX MT5
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Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
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Multi Timeframe Moving Averages MT5
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Timo Kosiol
MT Moving Average MT Moving Average is an easy to use multi time frame moving average indicator. It shows moving averages (SMA or EMA) of current symbol from all time frames (higher and lower). No need to switch between time frames anymore. With help of the indicator panel you can select which timeframe should be shown on the chart. I.e. your current timeframe is M5 and you can turn on M15 to see the the moving average of period M15. Indicator settings Dark interface --> Set to true to use d
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Ace Supply Demand Zone MT5
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Young Ho Seo
About Ace Supply Demand Zone Indicator The concept of supply demand trading rely on the quantity mismatching between buying and selling volumes in financial markets. Supply and demand zone serves as the good entry in our trading. It provides you the detailed trading plan + the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Firstly, Ace Supply Demand Zone indicator was built on the non-repainting and non
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Volume Weighted Average Price Indicator
Volume Weighted Average Price Indicator
Khuman Bakhramirad
Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. It's similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trend. in this indicator you can see the VWAP of different timeframes on
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Double Harmonic Volatility Indicator MT5
Double Harmonic Volatility Indicator MT5
Young Ho Seo
Use of the Fibonacci analysis for financial trading can nearly go back to 85 years from today since the birth of Elliott Wave Theory by R. N. Elliott. Until now, traders use the Fibonacci analysis to identify the patterns in the price series. Yet, we could not find any one attempted to use Fibonacci analysis for the Volatility. Harmonic Volatility Indicator was the first technical analysis applying the Fibonacci analysis to the financial Volatility. Originally, Harmonic Volatility Indicator was
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According to some sources, this indicator was proposed by John Bollinger in 2010 to measure the relative value of the Close price to the lines of the standard Bollinger Bands, which is known to be based on distances equal to a certain number of standard deviations from the moving average line. The author recommended its use for determining the boundaries of the price range. This indicator differs from the conventional one in that it contains two display options instead of one. In accordance with
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Version 1.3 2016.01.18
Added:
1. InpModeCandels parameter allowing you to select candle display model;
2. InpModelZig parameter allowing you to select ZigZag display model.
The last forming candle has a color filling model different from a user-defined one. After the candle is formed, the model returns to the defined parameters. This facilitates tracking the new candle generation phase.
Version 1.1 2016.01.08
Added the option to display the original candles without coloring their bodies.