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ZigZag Wave Medvedev Close Double

This ZigZag does not re-paint. It does not require the settings and reflects the real picture of the market showing the changes in the sellers' and buyers' attitudes and allowing you to join the winners. The indicator consists of the two ZigZags: the main one (https://www.mql5.com/en/market/product/12860) shows the trade direction, while the second one (https://www.mql5.com/en/market/product/12438) allows you to detect potentially profitable entry and adding patterns on small fluctuation waves. The movement direction line is very helpful in this. It is only one, but the role that it is assigned to makes it very popular. It is not a usual support or resistance line, however its function becomes clear during its operation. It moves over the tops of the small ZigZag connecting them with the main ZigZag top. Conversely, when the main swing is in the bottom, the line moves at small ZigZag's bottoms. This allows the indicator to detect the changes in the movement direction. Sometimes, it also acts like Andrews' pitchfork middle line.

Besides, the ZigZag is provided with support and resistance levels allowing you to quickly respond to changing formations. For that reason there are the signals of the appearances of new levels and their breakouts. In addition it is possible to adjust the sensitivity level of the indicator by the support and resistance levels by choosing the variant of their formation. By default the first option is set, it reflects the low sensitivity. To increase it, it is enough to change the variant number from 1 to any other.


Parameters

  • MinBars - amount of calculated bars. Default - 1 000. 0 - all bars.
  • InpColor - movement direction line color;
  • InpStyle - display style;
  • InpWidth - width.
  • display_option_res_sup - variant of formation of the support and resistance levels Default-1. Any other value means another variant;
  • arrow - display the levels with a price label on the right. Default - enabled;
  • set_Alert_new_res_sup - enable the signal of placement of new support or resistance lines. Default - enabled;
  • set_Alert_breakdown_res_sup - enable the signal of breakout of support or resistance lines. Default - enabled;
  • number_bar_breakdown - the number of bar, on which the breakout will be marked by its closing prices. Default - 1.

Constructive suggestions and feedback are highly appreciated.

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Description of the Settings: MA_period_fast - The period of averaging for calculation of fast Moving Average. MA_period_slow - The period of averaging for calculation of slow Moving Average. price - price used. It can be any of the price constants. 0 - (CLOSE) Close price. 1 - (OPEN) Open price. 2 - (HIGH) The maximum price. 3 - (LOW) The minimum price. 4 - (MEDIAN) The average price, (high+low)/2. 5 - (TYPICAL) Typical price, (high+low+close)/3. 6 - (WEIGHTED) Weighed close price, (high+low+clo
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PipTick Currency Index MT4
PipTick Currency Index MT4
Michal Jurnik
PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. The indicator uses the unique calculation formula that reflects actual volume of forex market. Basically, it is a weighted average of currency pairs values which form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency. Not
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ProCanal
ProCanal
Uladzimir Izerski
MT4. Многофункциональный индикатор  автоматически определяет и рисует волновые каналы, а также линии поддержки и сопротивления. Показывает тренд младшего периода и границу пробоя старшего. Это не стандартный канал. Работает совершенно по новому принципу.  В алгоритм  построения канала заложен принцип закона золотого сечения. Работает на графиках любого инструмента. Для лучшего восприятия каналы окрашены в разные цвета. канал с синим фоном - основной вверх. канал с красный фоном - основной канал
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Harmonic Master scanner
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Mahmoud Ragab
Harmonic Master Scanner is a dynamic tool that helps harmonic traders to identify and draw harmonic patterns on the chart. Harmonic Master Scanner is a software designed to work in MetaTrader 4. Harmonic Master Scanner works based on original MetaTrader 4 Zigzag indicator and the standard harmonic patterns elements. This software can send alert and email to you when a Harmonic pattern is detected on any charts. The entry point is the "D" point. The scanner only shows the present pattern one by o
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TBP All in One
TBP All in One
Dmitry Fedoseev
All patterns from Encyclopedia of Chart Patterns by Thomas N. Bulkowski in one indicator. It draws an up or down arrow whenever a pattern is identified. Patterns are selected in the drop-down list of the Pattern variable (located at the beginning of the properties window). The indicator has numerous external parameters, some of them apply to all patterns, while others are selective. To see more information on the parameters used for the selected pattern, enable the ShowHelp variable (located at
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Marcus
Marcus
Petr Plechac
Marcus = market customization is 3 in 1 indicator. Universal business tool from professional traders that helps visualizing interesting market situations. Preview markets using price action and sentiment in the market. Three tools necessary to understand the market situation and the anticipation of further movement. Finally, you will see what parquet traders see. With these tools, you will see the important supports and resistances. It shows you the entry of big players on the market. The indica
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InfoPanelMarket
InfoPanelMarket
Chantal Sala
Informational indicator which shows: Swap Price under/upper Open for every Time Frame Spread Time to close the current candle Broker Time Net Change: delta in percentage from Open (MN-W1-D1) Tick Value Volumes Info for every trades open: Lots Breakeven Profit Buy-Profit Sell Equity Symbol Positive values are green and negative values are red (modifiable in input). Inputs: View BE line (enable/disable) View all Symbol (shows the list of symbol) Color (for every text) Line Color (for BE line)
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CCI FIBO
CCI FIBO
Vladimir Skorina
The CCI FIBO trend indicator displays the real sentiment of the market. Does not redraw. The CCI FIBO indicator is based on the processed values of the standard CCI indicator. The indicator is able to display the slowing\reversal of the price during the trend movement (for exiting the position, and with some experience to display the opening in the opposite direction, for example, to use in scalping). It shows spikes in a flat. The idea of the indicator was that there are indicators that are goo
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EMA Dashboard
EMA Dashboard
Chantal Sala
Ema Dashboard is an innovative dashboard that allows you to monitor Moving Average on multiples symbols and different timeframes. This dashboard allows you to analyze information on 28 pairs on an unique chart. Its functionality includes analysis of All Time Frames. This configuration allows you to identify the Long Term Trend with extreme ease. This panel allows you to take very important directional movements. A click on button opens a new chart (symbol and timeframe). Graphic Object Symbol
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Bermaui Deviation Percent
Bermaui Deviation Percent
Muhammad Elbermawi
Or ( BD% ) which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent. You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to compare volatility between different securities in different markets in terms of percent rather than points. The idea behind th
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Advanced Currency IMPULSE with ALERT
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
CURRENTLY 39% OFF !!   Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs . Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify an
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The indicator automatically draws Fibo Bobokus levels on a chart. Detection of Weekly Targets, Support and Resistance By the end of a week, on Friday night, Fibo Bobokus is drawn from the week's high to its low. It will be a projection of bullish and bearish targets for the next week, as well as support and resistance areas to monitor. Whenever the targets are not achieved in a given week, they are usually achieved at the beginning of next week (Sunday-Tuesday), followed by a massive reversal.
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This is an individual tool for analyzing the market situation, analogous to https://www.mql5.com/en/market/product/28437 . It is very simple to use. After attaching the indicator to the chart, you will see three vertical lines named "VLine 1", "VLine 2" and "VLine 3", following in this order from left to right. For the utility to operate correctly, this sequence should always be observed. Please note: At the first start, the lines may not have a binding to specific price levels on the chart. Thi
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Valeriy Medvedev
The indicator is based on the two-buffer scheme and does not require any additional settings. It can be used on any financial instrument without any restrictions. The indicator is a known ZigZag, but it does not redraw . The indicator allows to easily detect significant levels on the price chart, as well as demonstrates the ability to determine the probable direction of a price movement. The calculations are based on the candles' Close prices, thus improving the reliability of the levels. Para
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Valeriy Medvedev
This indicator is a logical extension of the product at https://www.mql5.com/en/market/product/12526 . The only difference is that price movement is displayed using a histogram with levels, allowing to assess the direction and strength of the movement. How to interpret the signal: 0 - the middle of the channel; above 0.5 - the breakdown of the channel up; below -0.5 - the breakdown of the channel down. Both indicators are displayed in the attached screenshots. Install the indicator and you will
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Valeriy Medvedev
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