• Overview
  • Reviews (3)
  • Comments (36)
  • What's new

Advanced ZigZag Dynamic

The difference from the standard ZigZag indicator is the following: instead of calculating new extremum points based on the number of bars, it uses the distance between the high and the low to calculate the extremum points. In addition, this distance is calculated dynamically on default and depends on price fluctuations for a selected period and the multiplier. The distance can be set as a fixed number.

In addition, it displays the reversal line, reaching which the previous extreme point is fixed and the zigzag changes the direction (blue line on the first screenshot). Like with all ZigZags, the last (i.e. the current extremum point) is not fixed and is not therefore drawn as a point (in case display of extremum points is enabled, which is on by default). Also adjacent extremum points are connected by a line, calculating the change relative to the three neighboring points in percent and the difference between them in bars. The length of the main zigzag line is displayed in points and bars. Any information can be disabled (all details are enabled by default).


Indicator Input Parameters:

  • Fixed pips range - fixed number of points, distance between two opposite points (ZZ extremum points) if you do not use dynamic calculation
  • UseDynamicRange=TRUE - enable/disable dynamic calculation
  • Dynamic volatility period - period of currency course for dynamic calculation
  • Dynamic volatility koefficient - multiplier of currency course for dynamic calculation
  • Optimization mode - the mode of using the indicator in the expert advisor
  • Draw ZigZag lines - display/not to display the main lines (connection of opposite extremum points from lower to upper or from upper to lower)
  • Draw ZigZag descriptions - display/not to display description of the main lines
  • Show description points - show/hide points in description of the main lines
  • Show description bars - show/hide number of bars in description of the main lines
  • Main description font size
  • Main description color
  • Draw ZigZag relations - display/not to display additional lines (connection of extremum points from upper to upper and from lower to lower)
  • Show relations description - show/hide description of additional lines
  • Show relations percent - show/hide percentage in description of additional lines
  • Show relations points - show/hide points in description of additional lines
  • Show relations bars - show/hide number of bars in description of additional lines
  • Price deviation for % - price deviation for calculating percentage between extremum points
  • Rel.lines description font size - additional information font size
  • Rel.lines description color - additional information font color
  • Draw ZigZag extremum points - display/not to display extremum points (circles by default)
  • Arrow code for ZigZag extremum points - arrow code to display extremum points (see the code of the Windings symbol)
  • Draw ZigZag revers line - display/not to display reverse lines
  • Up revers line color - upward reverse line color
  • Dn revers line color - downward reverse line color
  • Up&down shift for description text
  • Enable Alert message on ZigZag extremum fixing - display/not to display a message about fixing an extremum point and change of direction
  • Enable Notification on ZigZag extremum fixing - send/not to send a notification about fixing an extremum point and change of direction
  • Enable Sound on ZigZag extremum fixing - play/not to play a sound when fixing an extremum point and changing a direction
  • AlertsSoundFileNameZZ - alert sound file name
  • Calculate statistic - enable statistics calculation
  • Statistic extremum count - number of vertices to analyze
  • Statistic X shift - offset on the X axis
  • Statistic Y shift - offset on the Y axis
  • Statistic Y between imul - a ratio of the distance between the lines
  • Statistic font name - font name
  • Statistic font size - font size
  • Statistic color - font color
  • Statistic base corner - base corner
  • Statistic anchor point - anchor point

МetaТrader 5 version: https://www.mql5.com/en/market/product/5357

Reviews 3
jmhuang
2692
jmhuang 2020.05.09 05:12 
 

THE BEST ZIGZAG IN MQL5. Has all you need ie statistics, extrenum statistics, Fibonacci. Requested the author to add feature of Fibonacci with yes/no feature and he responded. Fantastic indicator and responsive programmer. AMAZING. If you want to buy a zigzag and my strategy revolves around it mixed with Harmonics, you have an indicator which gives you an edge! Do yourself a favour and buy this indicator. There are probably 2 to 3 percent excellent indicators in MQL5 and this is one of them.

Plamen Ivanov
2004
Plamen Ivanov 2015.01.23 10:48 
 

Helpful indicator. Can be very powerful combined with structure.

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"TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run   of the TPA Session indicator must be in the open market  for the lines to be drawn correctly. Please visit our blog to study actual trades wi
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Blahtech Supply Demand
Blahtech Limited
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
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PipTick Bid Ask Volume MT4
Michal Jurnik
PipTick Bid-Ask Volume indicator is a tool that needs every scalper and intraday trader. It uses a special algorithm to determine the activity of buyers and sellers and displays it in the form of histogram. With this feature, the trader can easily compare the level of aggression on the part of buyers and sellers and read the context of the market. As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual an
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Black dragon indicator
Ramil Minniakhmetov
Special offer! Buy and get 100% cashback! Limited by the date of purchase - valid now from 01/28/2021. The trend detection indicator will compliment any strategy and can also be used as an independent tool. Recomedation for work with indicator #8 Benefits  Easy to use; does not overload the graphic wih unnecessary information. The ability to use as filter for any strategy. Contains bult -in dynamic levels of cupport and resistange,  which can be used both, for profit taking, and for settings up
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Semafor 3LZZ Scanner Dashboard
Abir Pathak
3 Level ZZ Semafor Scanner: This is a Dashboard indicator which uses 3LZZ Indicator in the background to find semafors. It will give priority to the semafors3 because they specify a strong signal. You can go through this video tutorial to see how it works: https://youtu.be/Z4v4h8U6RiM Get all extra Indicators/Template from here: https://abiroid.com/extras/semafor-3lzz-scanner-dashboard To use this template just specify "3LZZ" in Dashboard Property: "Use Template For New Window" (without the
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SuperTrend Scanner
FXsolutions
This scanner shows the trend values of the well known indicator SuperTrend for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher time
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TMA Currency Meter
Paul Geirnaerdt
TMA Currency Meter is the ultimate currency meter. Based on the Triangular Moving Average of all available symbols, this indicator shows which currencies are strong, strengthening, weak or weakening. Experienced as well as novice traders will see the strong and weak currencies in the blink of an eye, and know which trade possibilities to explore further. TMA Currency Meter is a true Multi Timeframe indicator. It is easy to show the currency strengths for a higher timeframe than the chart timefra
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Extended Heiken Ashi MT5
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This is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars. МetaTrader 4 version: https://www.mql5.com/en/market/product/7326 Parameters Period to average - calculation period HAClose price mode - Close price calculation mode Dr
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News on chart
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The indicator displays economic news on the chart (the appropriate data must be downloaded from the Internet using this utility ). The list of currencies (countries) is customizable. By default it shows all currencies. News items are divided into 4 categories by degree of importance. Plenty of customizable display parameters are provided. The indicator has 4 buffers with offset for use in developments of experts as a news filter. The calendar needs to be loaded once, at the beginning of each wee
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Support and Resistance Levels on AZZD and EF
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Support and Resistance Levels on AZZD and EF MT5
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This is an MTF indicator of support and resistance levels based on Advanced ZigZag Dynamic and/or Extended Fractals indicator extremums with price labels (can be disabled). More higher TFs can be selected for MTF mode. By default, the levels are generated based on ZigZag indicator dots. Fractals indicator dots can also be used together with ZigZag or instead of it. In order to simplify the use and save CPU time, calculation is performed once per each bar at its opening. Parameters ForcedTF - cha
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CPM Extended
Sergey Efimenko
The algorithm is based on the idea of the Currency Power Meter indicator. In this version, the number of displayed values is unlimited, its code is more compact and fast, values of the current bar can be obtained through indicator buffers. What the indicator shows : a thin band and the upper number in front of the currency shows the relative strength index for the last N hours (N is set in the parameters in the variable 'Hours'), a wider band shows the daily index. The more currency pairs using
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CPM Extended MT5
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The algorithm is based on the idea of the Currency Power Meter indicator. In this version, the number of displayed values is unlimited, its code is more compact and fast, values of the current bar can be obtained through indicator buffers. What the indicator shows : a thin band and the upper number in front of the currency shows the relative strength index for the last N hours (N is set in the parameters in the variable 'Hours'), a wider band shows the daily index. The more currency pairs using
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Rebate Trend Martingale
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This is almost a standard trend martingale scalper having some money management, as well as position open and control functions of its own. Originally, the EA was developed for rebates (returning part of spread and/or commission from each trade). However, it can make money on its own. Default setting are for EURUSD M15 . The EA moves along the entire history beginning from 2011 (I believe, there is no point in optimizing it for earlier periods as the market has changed greatly since then). The E
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Data auto loader for News on Chart indicator
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The utility is designed for automatic loading of data necessary for functioning of News on chart indicator which is a calendar from forexfactory. Parameters Use common folder - download files to the public file folder for all terminals \Terminal\Common\Files\. If false , download data to the 'files' folder of the current terminal. First day - news download start date. Leave 0 (01.01.1970 00:00) to download the current data only. Calendar url - address of the source data website to be added to
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Data auto loader for News on Chart indicator MT5
Sergey Efimenko
The utility is designed for automatic loading of data necessary for functioning of News on chart MT5 indicator which is a calendar from forexfactory. Parameters Use common folder - download files to the public file folder for all terminals \Terminal\Common\Files\. If false , download data to the 'files' folder of the current terminal. First day - news download start date. Leave 0 (01.01.1970 00:00) to download the current data only. Calendar url - address of the source data website to be added
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Larry Williams Percent Range on Chart
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This is an unusual (visual) representation of the famous WPR indicator. Instead of a separate subwindow, it is displayed in the main chart as a channel and levels. In addition, this indicator features a possibility of smoothing its values using a moving average. Parameters PeriodWPR - calculation period of the percent price channel LevelUp - the value of the upper level in percentage (negative) LevelDn - the value of the lower level in percentage (negative) Center - the value of the central le
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Adaptive Moving Average
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Kaufman Adaptive Moving Average (AMA). It is not available among the standard МetaТrader 4 indicators. In addition to the 6 standard calculation modes, the seventh one at (Open+Close)/2 price has been added. Added selection of a smoothing method for a moving average used in the calculation of the efficiency rating (ER). Trend filter options: in points or by "deviation". Added an option for shifting the indicator to the left/right. You can also choose the character of the direction arrow. Param
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Bar Spread Analyzer
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The indicator displays maximum, minimum and average spread for each bar of the timeframe it is applied to. The spreads are displayed in the form of a histogram. For the current bar it also displays the last (current) spread, the sum of all spreads and their number. Data for each closed bar is saved in a file on the first tick of the next bar (or the current bar in case the indicator/terminal is restarted), so when the terminal is restarted the data is loaded back.
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Extended Fractals
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The indicator enhances the potential of standard fractals and allows you to identify, display and use them, calculating them for any odd length, i.e. 3,5,7,9 bars and so on. The number of bars to be used is set in the 'Left fractal bars count' variable (by default set to 2). Its value determines the number of bars on one side, not including the central one, i.e. for a standard fractal of 5 bars it is equal to 2 (2 bars * 2 sides + 1 central bar = 5 bars for a fractal search and identification).
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Extended MultiColor OsMA
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This is an extended version of OsMA that uses 4 colors (rise, fall above 0; rise, fall below 0). You can use 21 variations of the moving average for each of the straight lines uses, as well as for smoothing the total variance, and 11 price options for "fast" and "slow" MAs. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average
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Extended Moving Average
Sergey Efimenko
This is an extended version of Moving Average that uses 2 colors (rise, fall). You can use 21 variations of the moving average and 11 price options. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zero-Lag Exponential Moving Aver
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Extended Keltner Channel
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This is an extended version of Keltner channel. You can use 21 types of Moving Average and 11 methods of calculating the indicator's center line. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zero-Lag Exponential Moving Average
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Extended Envelopes
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This is an extended version of the Envelopes oscillator. You can use 21 variations of the moving average and 11 price options for the calculation of the lines of the indicator. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zero
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Extended Bollinger Bands
Sergey Efimenko
This is an extended version of Bollinger Bands. You can use 21 variations of the moving average and 11 price options for the calculation of the middle line of the indicator. In addition, the period for calculating the standard deviation is defined by a separate parameter. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (o
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Advanced Trend Detector
Sergey Efimenko
An indicator with a wide range of customizable parameters used for determining the current trend with the resistance and support levels depending on the current trend direction. After the current bar is closed values are not redrawn. The indicator can be used on any timeframe - simply choose appropriate settings before using it. Be especially careful when the price approaches the indicator levels it has moved far from it or when an arrow appears (indicating trend change) very far from the price,
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Extended ATR
Sergey Efimenko
On the one hand this indicator is an extended version of the conventional Average True Range indicator, with 26 additional smoothing methods, on the other hand it shows the width of the price channel on the selected period (Price range). Moreover, the combinations of two periods gives a smoothed price channel, i.e. its width. Parameters ATR Period - period of calculation Smoothing method - smoothing method Price range - price range Draw type - the display type Flat level - flat level Flat level
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The Levels of Volatility
Sergey Efimenko
The indicator shows support/resistance levels based on the currency volatility for the selected period (number of bars) on the specified timeframe (regardless of the indicator timeframe). Price data on the selected currency and specified timeframe (by default – D1) are necessary for the indicator's normal operation. To download the necessary data, simply open the new window of the selected timeframe. МetaТrader 5 version:  https://www.mql5.com/en/market/product/6832 Parameters Volatility bars co
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Extended MultiColored MACD
Sergey Efimenko
An Extended MACD version, 4 colors (rising, falling, above and below 0). 21 types of smoothing of the lines, 11 price types. Smoothing: Simple, Exponential, Wilder Exponential, Linear Weighted, Sine Weighted, Triangular, Least Square, Smoothed, Hull, Zero-Lag Exponential, Double Exponential, T3, Instantaneous Trendline, Median, Geometric Mean, Regularized EMA, Integral of Linear Regression Slope, Combination of LSMA and ILRS, Triangular, Volume Weighted, Smoothing by M.Jurik. Prices: Close, O
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Extended Heiken Ashi
Sergey Efimenko
This is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars. МetaТrader 5 version with the ability to test: https://www.mql5.com/en/market/product/7327 Parameters Period to average - calculation period HAClose price mode - Close p
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AMA Trend Detector
Sergey Efimenko
An indicator based on the Adaptive Moving Average ( АМА ) for determining the current trend with the resistance and support levels depending on the current trend direction. After the current bar is closed values are not redrawn. The indicator can be used on any timeframe - simply choose appropriate settings before using it. Be especially careful when the price approaches the indicator levels it has moved far from it or when an arrow appears (indicating trend change) very far from the price, as w
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Stochastic with AMA filtering
Sergey Efimenko
We offer Stochastic indicator (oscillator) with signal line filtration by means of the Adaptive Moving Average ( АМА ). We have also added a function of multicolor signal line display of increase and decrease by means of lines or dots at the discretion. Moreover, you can highlight signal line values located below the specified minimum level or above the specified maximum level. Parameters: PeriodK - period K of Stochastic oscillator Slowing - period of Stochastic oscillator slowing PriceField -
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CCI with AMA filtering
Sergey Efimenko
We offer CCI indicator (oscillator) with additional filtration by means of the Adaptive Moving Average ( АМА ). We have also added a function of multicolor line display of increase and decrease by means of lines or dots at the discretion, moreover, you can also highlight line values located below the specified minimum level or above the specified maximum level. Parameters: PeriodCCI - period K of CCI oscillator PriceCCI - CCI oscillator used price mode MaximumLevel - maximum level value MinimumL
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CSV economic news calendar auto converter
Sergey Efimenko
Many expert advisors and indicators use economic calendar data in CSV format. This utility (expert) helps to save data from the selected date (if available on the forexfactory site). Data is downloaded automatically once a week at the opening of the market, as well as when you start/restart the terminal as necessary and depending on the selected modes. Parameters Use common folder  —  (true) — mode of downloading files to the public file folder for all terminals \Terminal\Common\Files\, false
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Filter:
jmhuang
2692
jmhuang 2020.05.09 05:12 
 

THE BEST ZIGZAG IN MQL5. Has all you need ie statistics, extrenum statistics, Fibonacci. Requested the author to add feature of Fibonacci with yes/no feature and he responded. Fantastic indicator and responsive programmer. AMAZING. If you want to buy a zigzag and my strategy revolves around it mixed with Harmonics, you have an indicator which gives you an edge! Do yourself a favour and buy this indicator. There are probably 2 to 3 percent excellent indicators in MQL5 and this is one of them.

Mujeeb Abdul
1844
Mujeeb Abdul 2015.07.29 13:33 
 

Good indicator but repaints suppose to be free not 10 dollars or fix the repaint

Plamen Ivanov
2004
Plamen Ivanov 2015.01.23 10:48 
 

Helpful indicator. Can be very powerful combined with structure.

Reply to review
Version 2.2 2021.03.05
Added statistics on the number of up/down bars between the vertices.
Version 2.1 2020.12.03
Added the ability to set the reverse order for Fibonacci levels.
Version 2.0 2020.11.28
Added a parameter to speed up the indicator when using it in the expert advisor.
Version 1.9 2020.05.08
Added the Fibonacci levels.
Version 1.8 2020.04.30
Added separate arrows mode for tops/bottoms
Version 1.7 2020.02.03
Optimization of statistics calculation was performed.
Version 1.6 2020.02.02
Added statistics for N vertices.
Version 1.5 2019.03.26
Исправлено отображение исторических данных.
Version 1.4 2015.06.25
Added alerts when changing a direction.
Now you can choose text information display in objects.
Version 1.3 2014.08.21
Added ability to apply this indicator to one chart multiple times with different parameters