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ZigZag Percent Milestone

FREE

Published: 24 October 2026

Current version: 11.0

ZigZag Percent Milestone

Indicators
Rizki Arif Fauzi
Rizki Arif Fauzi
Indonesia

385
Version: 11.0

Overview

ZigZag Percent Milestone is a ZigZag indicator for MetaTrader 5 that detects swings by percentage move instead of a fixed number of bars or points. A new pivot is confirmed only when price has moved at least the selected percentage from the previous pivot. Because the threshold is relative, the same settings work consistently on forex pairs, gold, indices, crypto and other instruments, whatever their price level.

Each leg is labeled with its size in pips, percent, or both. As a leg keeps extending, the indicator draws milestone lines and labels at 1%, 1.5%, 2% and so on, so you can see at a glance how far a move has gone from its starting pivot.

Key Features

Percentage-based ZigZag: a pivot is confirmed only after a reversal of at least the chosen percentage.
One-click threshold switching: three on-chart buttons (0.50%, 0.70% and 1.00% by default) change the minimum leg size instantly, with no need to open the settings.
ON/OFF button: show or hide the ZigZag, labels and milestones at once. While hidden, the indicator does not calculate.
Leg labels: each leg shows pips, percent, or both (for example +45.2 pips (+0.62%) ). Colors differ for up and down legs, and larger legs get larger fonts automatically.
Milestone lines and labels: up to 13 configurable levels (defaults 1% to 7% in 0.5% steps). The line is drawn from the exact point where the leg crosses each level, and a label shows the percent value.
Big milestone highlighting: levels at or above a chosen value can use a separate line color so the largest moves stand out.
Modern button panel: a flat dark panel with clear active and inactive states.
Light on resources:
- Incremental calculation recomputes only the most recent pivots.
- Recalculation and chart redraws are throttled.
- Only the most recent legs are updated live.
- History is limited to a set number of days, with a safety cap on bars and labeled legs.

How It Works

The indicator tracks the current extreme (highest high or lowest low).
When price reverses by at least the selected percentage, that extreme is confirmed as a pivot and a new leg begins.
For every leg, the indicator checks how far price has moved from the leg’s starting pivot and draws a milestone line each time a configured level is reached.
Labels show the size of each leg in pips and/or percent.

Important Note on Repainting

Like all ZigZag indicators, the most recent leg is live. Its end point moves as price makes new extremes and becomes final only after a reversal of the selected percentage. Confirmed past legs do not change. Use this indicator for market structure analysis, swing measurement and visual reference, and do not treat the unconfirmed last leg as a fixed signal.

Inputs

ZigZag

Show ZigZag on start
Option 1, 2, 3: minimum leg size (%) for the three buttons
Line color and width
Days of history for lines and labels

Chart Buttons

Panel X/Y position and font size

Milestone Lines & Labels

Enable/disable milestones
13 milestone values in percent (set to 0 to disable any level)
Line colors for up and down legs, line style and width
Label font size and color

Big Milestones

Threshold and color for highlighting large milestones

Leg Labels

Enable/disable labels
Label content (pips + percent, pips only, or percent only)
Font size, colors for up and down legs, maximum number of labeled legs

Label Size By Percent

Two percent thresholds that increase the label font size for larger legs

Performance

Maximum bars for calculation
Minimum delay between recalculations and redraws
Number of latest legs updated live

Usage Tips

Start with 0.50% or 0.70% on intraday charts and use 1.00% for a cleaner, higher-level view of the major swings.
Use the milestone lines to measure how extended a move is relative to its starting pivot.
On very long histories, lower the number of days or the maximum bars to keep the chart responsive.
Button values and milestone levels are fully editable in the indicator inputs.

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Anchored Periodic VWAP with Deviation Bands A lightweight, interactive VWAP indicator that restarts every Day, Week or Month, with a built-in on-chart control panel. Overview Anchored Periodic VWAP plots the Volume Weighted Average Price and resets it automatically at the start of each Daily, Weekly or Monthly period. Around the VWAP it draws two pairs of standard-deviation bands, so you can see at a glance where price is trading relative to the period’s “fair value”. You can switch the anchor p

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Rizki Arif Fauzi