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ZigZag based on ATR and Fibo retracement MQL4

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Published: 7 October 2018

Current version: 1.0

ZigZag based on ATR and Fibo retracement MQL4

Name: ZigZag based on ATR and Fibo retracement MQL4
Rating: 4 (5 reviews)
Author: Petr Nosek

Indicators
Petr Nosek
Version: 1.0

Description

The base of this indicator is an ZigZag algorithm based on ATR and Fibo retracement. This indicator is not redrawing in sense that the ZigZag's last shoulder is formed right after the appropriate conditions occur on the market. The shoulder doesn't change its direction afterwards (can only continue).

Note: An indicator with advanced possibilities is also available.

Indicator input parameters

The input parameters allow to change the sensitivity of the ZigZag.

ATR period
ATR multiplier that doesn't allow a direction change
ATR multiplier that forces a direction change
Minimum percent retracement that forces a direction change

Note: MQL5 indicator is also available.

more...

Screenshot #1 ZigZag based on ATR and Fibo retracement MQL4

Screenshot #2 ZigZag based on ATR and Fibo retracement MQL4

Screenshot #3 ZigZag based on ATR and Fibo retracement MQL4

176

Muhammad Nasir khan 2025.06.18 05:51 #

Really amazing, thank you so much.

3000

Quantum Trader 2021.08.12 17:36 #

Great job . Thanks

2746

COLIN BREEN 2020.05.15 11:02 #

Does what I need for my trading and works better than the buit in ZigZag indicator on MT4

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Description The base of this indicator is an ZigZag algorithm based on ATR and Fibo retracement. This indicator is not redrawing in sense that the ZigZag's last shoulder is formed right after the appropriate conditions occur on the market. The shoulder doesn't change its direction afterwards (can only continue). Note: An indicator with advanced possibilities is also available. Indicator input parameters The input parameters allow to change the sensitivity of the ZigZag. ATR period ATR multip

FREE

Description The base of this indicator is an ZigZag algorithm based on ATR and Fibo retracement. The ZigZag can be drawn like a classic ZigZag or like Arrows or needn't be drawn at all. This indicator is not redrawing in sense that the ZigZag's last shoulder is formed right after the appropriate conditions occur on the market. The shoulder doesn't change its direction afterwards (can only continue). There are some other possibilities to show advanced information in this indicator: Auto Fibo on

45 USD

The script writes to a text file all-important trading information about the chart symbol including symbol leverage, point value, required margin, swaps, trade and quote sessions and so on. Most traders need this information for their trading decisions. For example for stop loss placement, for volume calculating, for trades closing before session end... You can see a text file example on the screenshot.

30 USD

45 USD

Filter:

176

Muhammad Nasir khan 2025.06.18 05:51 #

Really amazing, thank you so much.

406

votija.63 2025.03.24 14:34 #

Pense que iba hacer diferente, pero no! sigue abanzando como cualquier zigzag,

Rajendran Santhosh 2025.01.02 06:00 #

User didn't leave any comment to the rating

4173

Reply from developer Petr Nosek 2025.01.02 15:59 #

What are you talking about?

199

nivlem44 2022.11.30 07:24 #

good zig zag does not repaint

3000

Quantum Trader 2021.08.12 17:36 #

Great job . Thanks

2746

COLIN BREEN 2020.05.15 11:02 #

Does what I need for my trading and works better than the buit in ZigZag indicator on MT4