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Advanced ZigZag with Fibo TL and Swing info MQL4

45 USD

Demo downloaded: 128

Published: 7 October 2018

Current version: 1.0

Advanced ZigZag with Fibo TL and Swing info MQL4

Indicators
Petr Nosek
Version: 1.0
Activations: 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.

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...

878

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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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 mul

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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

Filter:

878

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.