Market / MetaTrader 5 / Indicators /

ZigAndZagScalpel

100 USD

Demo downloaded: 6

Published: 30 April 2026

Current version: 1.0

ZigAndZagScalpel

Indicators
Igor Nagorniuk
Igor Nagorniuk
Russia

1574
43 topics 259 comments
Version: 1.0
Activations: 5

ZigZag_Keel is a technical indicator for MetaTrader 5 based on a double zigzag. It is designed to determine trend direction and generate buy and sell signals.

How It Works

The indicator uses two zigzags with different periods. KeelOver with a longer period determines the global price direction. Slalom with a shorter period finds local extremes. Signals are generated only in the direction of the global trend, which filters out false entries.

Trading Signals

A green arrow up indicates a buy signal. A red arrow down indicates a sell signal. Additionally, the indicator generates signals for placing limit orders on pullbacks against the main trend.

Tradable Instruments

The indicator is suitable for trading currency pairs, cryptocurrencies, indices, and commodities. It shows the highest effectiveness on instruments with good volatility and liquidity.

Recommended Timeframes

The main timeframe is M15. M30, H1, and H4 frames are also acceptable. Lower timeframes increase the number of false signals.

Indicator Settings

The KeelOver parameter sets the period of the main zigzag. Default value is 55. Higher values make the indicator less sensitive to short-term fluctuations.

The Slalom parameter sets the period of the auxiliary zigzag. Default value is 17. Lower values generate more signals.

The ArrowOffset parameter determines the vertical offset of arrows from bar extremes in pixels. It affects only the visual display.

Setting constraints: KeelOver cannot be less than 3, Slalom cannot be less than 2, and KeelOver must be greater than twice the Slalom value.

Trading Recommendations

Positions should be opened on the first bar after the signal arrow appears. Stop loss should be placed beyond the nearest opposite Slalom point. Take profit should be set at a ratio of at least 1:2 relative to the stop loss.

It is advisable to use additional filters: a moving average to confirm trend direction, RSI to assess overbought or oversold conditions. Trading during major economic news releases is not recommended.

Advantages

The indicator provides clear signal filtering based on global trend direction, reducing the number of false entries. Signals are displayed as arrows and require no additional interpretation. The indicator generates limit order signals, allowing entries at better prices on pullbacks. It does not visually clutter the chart with unnecessary lines.

Disadvantages

The indicator repaints on historical data, so decisions should only be made based on signals from closed bars. Sensitivity decreases during high spread conditions. False signals may occur during sideways movement. The indicator requires experience and is not recommended for beginner traders.

Limitations

The indicator does not guarantee profitable trades. Any decision to enter a position is made solely by the trader at their own risk. Testing on a demo account is recommended before live trading.

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The specified indicator is one of the versions of the indicator displaying profit (loss) on the current symbol. You can easily move the level with the mouse, determining the total profit or loss. The features of this indicator are: 1. that the profit or loss will not be displayed near the line, in the place where the trade is taking place, but in the upper-left corner of the screen, which means that calculating the loss or profit will not interfere with your trading. 2. The indicator will automa

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Full Description of the WPRV2 Indicator The WPRV2 indicator is an enhanced version of the classic technical analysis tool known as Williams' Percentage Range (%R). It is primarily used in financial markets such as stock exchanges, Forex, and cryptocurrency platforms to analyze market trends and identify optimal entry and exit points for trades. Purpose of the Indicator The main goal of the WPRV2 indicator is to measure the current price relative to its recent high and low extremes. This helps t

60 USD

Detailed Description of the GannZigZagMACD Indicator Purpose and Concept GannZigZagMACD is a hybrid technical indicator for the MetaTrader 5 platform that combines the classic MACD indicator with elements of Gann's zigzag. It is designed to identify trend reversals and generate trading signals based on extreme patterns. The main idea of the indicator is to detect significant highs and lows using Gann's method and then project signals onto the MACD histogram. Principle of Operation Main Componen

80 USD

ZigZag_3LZZ — Three-Level ZigZag Indicator What It Is For The ZigZag_3LZZ indicator is designed for technical analysis of financial markets. It displays three multi-colored broken ZigZag lines with different periods (5, 13, 34) on the chart, allowing the trader to: Visually identify key price reversal levels Filter out insignificant price fluctuations and market noise Build trend lines based on the latest extremums Automatically calculate Fibonacci levels (0.24, 0.382, 0.5, 0.618, 0.76) Identi

150 USD

X Sensors Pro is a professional volume profile indicator that visualizes the distribution of trading volume across price levels over a selected period. The indicator automatically identifies local extremes (HH and LL), calculates the Point of Control (POC) — the level with maximum volume, and builds support and resistance levels based on the identified range. Key Features: Visualization of volume profile as colored histograms Automatic POC (Point of Control) detection Construction of HH (Highe

100 USD

XCycle - Cycle-Based Trading Indicator for MT5 General Description XCycle is a professional technical analysis indicator based on market cycle theory. The indicator detects minor (short-term) and major (long-term) market cycles, generating buy and sell signals while considering the current trend and market volatility. Application Areas Markets: - Forex - all major, cross, and exotic currency pairs - Cryptocurrencies - Bitcoin, Ethereum, altcoins (BTC/USD, ETH/USD, etc.) - Indices - S&P 500,

80 USD

Daily End Potential (DEP) v1.20 is a technical indicator for MetaTrader 5 that analyzes the price range in a specified time window and calculates the probability of price movement up or down until the end of the trading day. INDICATOR PURPOSE The indicator helps traders determine the most likely direction of intraday movement after the formation of a key price range. If the price is closer to the upper boundary of the range, the downward movement potential is greater, and vice versa. The indicat

80 USD

ATR ZigZag with BBands Pro is a professional indicator for MetaTrader 5 that combines ATR ZigZag (trend line identification based on volatility), Bollinger Bands (dynamic support/resistance levels) and Pips labels (visual display of movement size in points). The indicator automatically detects market reversals, displaying the last 5 confirmed movements with their size. Entry Signals BUY: Price reaches the LOWER Bollinger Band (red label at bottom) Reversal occurs upward (TROUGH) GREEN label app

80 USD

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ZigAndZagScalpel

Igor Nagorniuk

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