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ZigZag Lines MTF for MT5

5
Multi timeframe ZigZag indicator. It displays the support/resistance horizontal lines and their breakouts, as well as draws the current targets of the market. It can also display lines of the Fractals indicator and candles from other periods (up to Quarterly). 

The indicator redraws the last (current) point, and in some cases can change the last 2-3 points.

All lines are drawn as objects (not indicator buffers, but there is a possibility to receive the data for the EA).
When used in an Expert Advisor, you can read ZigZag points using iCustom.

Settings

Mode — draw support and resistance levels based on:
      Zig Zag — the ZigZag indicator;
      ZigZag Close — the ZigZag Close indicator;
      Fractals — the Fractals indicator;
      High-Low of the period — building an indicator by high-low levels. The timeframe is specified in the Period parameter;
      Candles only — draw only Candles;
    Depth — the minimum number of candlestick, for which Zigzag will not draw the second maximum (or minimum), if the last one is Deviation less (or greater) than the previous one;
    Deviation — the minimum number of points between the Highs/Lows of two adjacent candlesticks for the Zigzag to form a local top/bottom;
    Backstep — the minimum number of candlesticks between the local Highs/Lows;
    Period — period for calculation of ZigZag of Fractals;
    Max bars to calculate (bars) — the maximum number of bars for calculation. This limitation is introduced to speed up the calculations;
      Display on the chart

      Show Zigzag — show the ZigZag;
      Show current ZZ-point (redrawing point) — show current (last) point;
      Show Price — show the price of the levels;
      Show Targets — show the current targets (where the market is headed);
      Show broken lines) — show the broken levels;

      Check the breakout of the Lines by price:

      • High-Low (current bar)
      • High-Low (previous bar)
      • Close (previous bar)
      • Open (current bar)
      Extend broken lines (bars) — extend the broken lines to the right by the specified number of bars;
      Show Dot at the start of the line — display dots at the turning points of the indicator;
      Show amount of touches — show the number of touches near the line price;
      Offset for touches (above/below from the ZZ-point, points) — the range in which the ZZ-point will be considered as touching the level. 
        Alerts

        Pop up alerts — pop-up alert when touching a level;
        Push notifications — Push-notification;
        E-mail notifications — notification by e-mail;
        Sound alert — sound alert when touching a level;
        Alert when "Line breakout" — alert when the ZigZag level is broken;
        Alert when "Changing the ZigZag direction" — alert when changing direction of ZigZag;
        Alert when "Price is near the line" — alert if the price is near the level (once a bar, the current point of the ZigZag is not checked);
        Distance to the line for alert (points) — distance for alert (in points);
          Colours

          Upper line color — color of the upper lines;
          Lower line color — color of the lower lines;
          Main line width — width of the main line;
          Main line style — style of the main line;
          Used line width — width of the used line;
          Used line style — style of the used line;
          Font size price — font size for the Prices;
          Font size dot — font size for the Dots;
          ZigZag color — color of the ZigZagа;
          ZigZag width — width of the ZigZag lines;
          ZigZag style — style of the ZigZag lines;
            Candles

            Display candles — enable the display of candles from other periods;
            Candles period — period for the candles, all standard ones plus Quarterly;
            Number of Candles in the past — the number of candles on the chart;
            Shadow color — candle of the candle wicks;
            Body color (bullish) — body candle of a bullish candle;
            Body color (bearish) — body color of a bearish candle;
            Save points to global variables — store points in the Global Variables of the terminal;
            Number of points to be stored — number of points to be stored (current point is zero);
            Prefix global variables — prefix for Global Variable names.


              Reviews 7
              Tyler Sanchez
              528
              Tyler Sanchez 2022.11.07 23:33 
               

              I highly recommend this indicator, it is very well developed!

              Alessandro Lopes Da Silva
              353
              Alessandro Lopes Da Silva 2022.06.15 13:30 
               

              I've been working with the Gold market for many years, the best indicator I've ever used, I recommend it to everyone! Very useful for those looking for medium and long term targets, the indicator gives a very broad view of the market!

              HOGJoerch63
              249
              HOGJoerch63 2022.05.09 07:39 
               

              very useful indicator to get an overview. Thumbs up

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              Support And Resistance Screener Breakthrough unique Solution With All Important levels analyzer and Markets Structures Feature Built Inside One Tool ! Our indicator has been developed by traders for traders and with one Indicator you will find all Imporant market levels with one click. LIMITED TIME OFFER : Support and Resistance Screener Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) (offer extended) The available tools ( Features ) in our Indicator are :  1. HH-LL
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              Volume by Price MT5
              Brian Collard
              5 (3)
              Was: $259 Now: $120 — The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Get valuable insights out of currencies, equities and commodities data. Gain an edge trading financial markets. Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker charts including split structures. Versatile segmentation and compositing methods. Static, dynamic and flexible ranges with relative and/or absolu
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              Gann Square of 144
              Taras Slobodyanik
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              The Gann Box (or Gann Square) is a market analysis method based on the "Mathematical formula for market predictions" article by W.D. Gann. This indicator can plot three models of Squares: 90, 52(104), 144. There are six variants of grids and two variants of arcs. You can plot multiple squares on one chart simultaneously. Parameters Square — selection of a square model: 90 — square of 90 (or square of nine); 52 (104) — square of 52 (or 104); 144 — universal square of 144; 144 (full) — "full"
              Multicurrency and multitimeframe modification of the Stochastic Oscillator. You can specify any desired currencies and timeframes in the parameters. The panel displays the current values and intersections of the lines — Signal and Main (stochastics crossover). Also, the indicator can send notifications when crossing overbought and oversold levels. By clicking on a cell with a period, this symbol and period will be opened. This is MTF Scanner. The key to hide the dashboard from the chart is "D"
              Filter:
              Tyler Sanchez
              528
              Tyler Sanchez 2022.11.07 23:33 
               

              I highly recommend this indicator, it is very well developed!

              Alessandro Lopes Da Silva
              353
              Alessandro Lopes Da Silva 2022.06.15 13:30 
               

              I've been working with the Gold market for many years, the best indicator I've ever used, I recommend it to everyone! Very useful for those looking for medium and long term targets, the indicator gives a very broad view of the market!

              HOGJoerch63
              249
              HOGJoerch63 2022.05.09 07:39 
               

              very useful indicator to get an overview. Thumbs up

              Alexander Eduardo Camarena Hermoso
              305
               

              Hello, I have bought the Zig Zag Lines MTF indicator for MT5 but I have some doubts about how the targets work, how can I interpret them, thank you if you can send me more information

              Taras Slobodyanik
              62270
              Reply from developer Taras Slobodyanik 2022.04.12 16:51
              Hello. Targets shows the levels according to the current ZZ-points. If you do not use them or are in doubt, you can disable them in the settings. Thank you.
              Devonish
              2933
              Devonish 2020.11.06 12:05 
               

              I like it, finding it very useful.

              Mr Laszlo Menyhart
              514
              Mr Laszlo Menyhart 2020.06.12 16:29 
               

              The most useful indicator .Excellent product support . Highly recommend it .

              Tarun Chaudhry
              2895
              Tarun Chaudhry 2018.07.06 01:06 
               

              The product does what it says.

              It does it very well. Happy with it.

              The options are satisfactory.

              The author is very helpful.

              I can happily recommend.

              Reply to review
              Version 5.5 2024.03.26
              1) Added the parameter 'Horizontal Lines will become Broken after X bars (0-off)'.
              Version 5.4 2024.03.12
              1) Added the "Check the breakout of the Lines by price" parameter. Now you can specify the price and bar at which the line breakout will be checked: High-Low (current bar), High-Low (previous bar), Close (previous bar), Open (current bar).
              Version 5.3 2023.09.03
              1) Added "Enable buy alerts" and "Enable sell alerts" parameters.
              Version 5.2 2023.08.27
              1) Fixed the bug of checking the last bar in the "High-Low of the period" mode.
              Version 5.1 2023.08.27
              1) Now the "Show current ZZ-Point" parameter affects the "High-Low of the period" mode. If "Show current ZZ-Point" is disabled, then the indicator will not show the levels of the current candle.
              Version 5.0 2022.11.29
              1) Added separate sounds for each alert.
              Version 4.9 2022.11.17
              1) The current direction of the candle has been added to the text of the alert about touching ZZ-Ray.
              Version 4.8 2022.11.15
              1) Added parameter "Alert when price touches ZZ-Ray".
              Version 4.7 2022.09.04
              1) Added parameters for displaying rays on the last ZigZag points ("Show ZZ-Rays").
              2) Added hotkey to toggle "Show ZZ-Rays".
              3) Line extension bug fixed.
              Version 4.6 2022.08.18
              1) Added parameters for displaying the distance between ZigZag points — "Show ZZ-Distance at the start of the line" and "Key to show Distance".
              Version 4.5 2021.11.05
              1) Added parameters for displaying the number of times the price touches the ZigZag point. (Show amount of touches, Offset for touches)
              Version 4.4 2021.07.12
              1) Added "Hotkeys" parameters. Now you can switch the display of indicator elements by pressing hot keys.
              Version 4.3 2021.05.03
              1) For the parameter "Candles" added "Show Day of week", "Show Date" and the ability to specify a color for each day of the week.
              Version 4.2 2021.04.05
              1) Added display of the number of points between High and Low (Show range High-Low).
              Version 4.0 2020.06.08
              1) Recompilation for the new MT5 build.
              Version 3.9 2020.04.14
              1) Fixed a new bug with displaying dots.
              Version 3.8 2020.04.14
              1) Added parameter "Show Horizontal Lines".
              Version 3.6 2019.10.30
              1) Fixed copy bug for iCustom function.
              Version 3.5 2019.10.23
              1) Added a new mode "High-Low of the period".
              2) Code optimization.
              Version 3.4 2019.04.11
              1) Added new mode "ZigZag Close".
              2) Added alert when the price is near the line.
              Version 3.3 2018.10.28
              1) Fixed a bug in the calculation of the time of the end of the line.
              Version 3.2 2018.10.14
              1) Added the ability to read points using iCustom. Points are saved sequentially in the indicator buffer.
              Version 2.31 2018.08.28
              1) Added the name of the pair, to the prefix of the global variables.
              Version 2.30 2018.08.25
              1) Added displaying the current point - "Current ZZ-point (Redrawing point)".
              2) Added options for saving points in the Global Variables. Now you can read the coordinates of points using EA.
              3) Code optimization.
              4) Fixed bug of double fractal.
              Version 2.20 2018.06.01
              1) The indicator can now draw levels using Fractals. The "Draw Support & Resistance on the Fractals" parameter.
              2) Added the option ti disable dots at the beginning of lines using "Dot at the start of line". Also, there is an option to set the size of these dots using "Font size dot".
              3) Now you can run several instances of the indicator in one window.
              4) Code optimization.
              Version 2.10 2017.08.16
              1) Added option "Add alert when changing the direction of ZigZag"
              2) Fixed minor bugs.
              Version 2.0 2017.06.08
              1) Added Candles of other periods (up to Quarterly).
              2) Small fixes.