Advanced ZigZag with Fibo TL and Swing info MQL4

5

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 the last and/or previous swing
  • Trend lines (0-3 pairs) which connect swing highs / swing lows
  • Information about swing size in points and bars and swing "slope" above high swings/under low swings
  • Level where the ZigZag will turn a direction
  • Levels (price labels) where the ZigZag began a new direction. Note: They can't be drawn backwards and they can appear only if a new direction change happens. If backward analysis is needed a visual tester supposed to be used.

The indicator can alert on a ZigZag direction change (trend change) by notification, e-mail, alert and sound playing.


Indicator input parameters

For the ZigZag visualization these three inputs are crucial. They allow to change the sensitivity of the ZigZag.

  1. ATR multiplier that doesn't allow a direction change
  2. ATR multiplier that forces a direction change
  3. Minimum percent retracement that forces a direction change


Note: MQL5 indicator is also available.

Reviews 1
Jebs siptungkha
1078
Jebs siptungkha 2020.02.02 06:27 
 

it would be a 5 star for my strategy

if it has horizantal lines at the top of zigzag swing high and bottom of swing low based on confirmed fractals.

and if the default zigzag setting 12, 5 & 3 are changeable.

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Order block hunter indicator is the best indicator for  hunt the order blocks that area where there has been a large concentration of limit orders waiting to be executed Order blocks are identified on a chart by observing previous price action and looking for areas where the price experienced significant movement or sudden changes in direction .This indicator does that for you by using very complicated codes and helps you to take the best areas To buy and sell because it make marks at the best a
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ZigZag based on ATR and Fibo retracement
Petr Nosek
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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
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ZigZag based on ATR and Fibo retracement MQL4
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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
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Symbol information
Petr Nosek
Utilities
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.
Advanced ZigZag with Fibo TL and Swing info
Petr Nosek
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Indicators
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
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Jebs siptungkha
1078
Jebs siptungkha 2020.02.02 06:27 
 

it would be a 5 star for my strategy

if it has horizantal lines at the top of zigzag swing high and bottom of swing low based on confirmed fractals.

and if the default zigzag setting 12, 5 & 3 are changeable.

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