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

Advanced ZigZag Dynamic

4

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).

The full list of parameters can be downloaded here: https://c.mql5.com/31/679/ParamZigZagEng.zip

Statistic settings:

  • 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



Reviews 3
Plamen Ivanov
2072
Plamen Ivanov 2015.01.23 10:48 
 

Helpful indicator. Can be very powerful combined with structure.

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Following the smart money is finally possible! FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesome insights into how institutional market participants, like brokers, are positioned in the Forex market, much faster than COT reports. Seeing this information directly on your chart is the real game-changer and breakthrough solution for your trading. Please read our basic tutorial -> "How to t
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The indicator shows the schedule of economic news releases on the chart. News is loaded using a free utility that you can download   here .   The calendar is loaded once at the beginning of the week. You can customize the list of required countries (currencies). The news is divided into 4 categories of importance: high, medium, low and others. By default, the indicator displays data for the current week. There are 4 offset buffers available in the indicator, which can be used as a news filter w
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The utility is designed to   change the symbol   of the current, all or selected charts,   change the timeframe , as well as to   synchronously move through the history   of all charts (automatically or by clicking the button). The list of symbols is read from the "Market Watch" or is set manually. The color, size and position of the buttons are customizable. Synchronization of charts occurs according to the time of the first visible bar when you press the "SYNC" button or when moving the mouse/
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The indicator shows harmonic patterns on the chart without repainting with the minimum possible lag. The search for indicator tops is based on the wave principle of price analysis. Advanced settings allow you to choose parameters for your trading style. At the opening of a candle (bar), when a new pattern is formed, an arrow of the probable direction of the price movement is fixed, which remains unchanged. The indicator recognizes the following patterns and their varieties: ABCD, Gartley (Butter
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The indicator displays harmonic patterns on the chart based on Dynamic ZigZag ( https://www.mql5.com/en/market/product/5357 ) and is almost a complete analog of one of the versions of well-known korHarmonics. The indicator recognizes the following patterns and their varieties: ABCD, Gartley (Butterfly, Crab, Bat), 3Drives, 5-0, Batman, SHS, One2One, Camel, Triangles, WXY, Fibo and Vibrations. Only display of ABCD and Gartley patterns is enabled in the settings by default. The reverse line allows
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The indicator paints the candles in the color of the current trend direction. The direction is calculated using data for a given period. The initial data can be not only standard price candlestick values (Open, High, Low, Close), but also values calculated using 26 types of moving averages: Simple Moving Average, Exponential Moving Average, Smoothed Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Line
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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 adde
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The indicator shows harmonic patterns on the chart without repainting with the minimum possible lag. The search for indicator tops is based on the wave principle of price analysis. Advanced settings allow you to choose parameters for your trading style. At the opening of a candle (bar), when a new pattern is formed, an arrow of the probable direction of the price movement is fixed, which remains unchanged. The indicator recognizes the following patterns and their varieties: ABCD, Gartley (Butter
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This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. Calculation depends on the selected chart timeframe the indicator is launched at. The indicator displays data as lines for all currencies or as a histogram for the current currency pair. The intersection of the currency strength indices for the current currency pair is additionally displayed as
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Indicator based on the Kaufman Adaptive Moving Average (AMA, KAMA, AMKA), with a wide range of customizable parameters for determining the trend with support and resistance levels. The levels are displayed depending on the direction of the trend: if the trend is upward, then the support level is displayed, if downward - resistance. After the bar is closed, the values are not repaint. It can be used on any timeframe, having previously selected convenient settings for yourself. Parameters: Calcula
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The indicator automatically calculates and plots Fibonacci support and resistance levels - one of the most effective tools for market analysis. The calculation uses the averaged price data for the selected period and timeframe. The minimum and maximum for this period are taken as the beginning and end of the movement. Fibonacci levels allow you to see potential reference points, around which the price movement can slow down or reverse, that is, they are used to predict further movement, as well
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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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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 - ch
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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 - ch
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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 t
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The indicator expands the capabilities of standard fractals, allows you to find, display and use them, calculating for any odd length, that is, 3 (DeMark points), 5, 7, 9 and so on bars. Fractals can be calculated not only by bar prices, but also by the values of moving averages of a given period. All types of alerts are implemented in the indicators separately for upper and lower fractals. To set the number of used bars, the Left fractal bars count variable is set in the settings (the default
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Extended version of the "Keltner Channel" indicator. This is an analytical tool that allows you to determine the ratio of the price position relative to its volatility. You can use 26 types of moving average and 11 price options to calculate the middle line of the indicator. Configurable alerts will notify you when the price touches the upper or lower border of the channel. Available average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weig
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An extended version of the well-known Moving Average Convergence / Divergence (MACD) indicator, distributed in 4 colors: growth, fall above and below 0. 26 options for smoothing moving averages, 11 types of prices. Disabled Alerts on color change with selectable alert mode: only when crossing a zero value or at any color change (rising / falling change and 0 crossing). Smoothing options: Simple, Exponential, Wilder Exponential, Linear Weighted, Sine Weighted, Triangular, Least Square, Smoothed,
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Indicator based on the Kaufman Adaptive Moving Average (AMA, KAMA, AMKA), with a wide range of customizable parameters for determining the trend with support and resistance levels. The levels are displayed depending on the direction of the trend: if the trend is upward, then the support level is displayed, if downward - resistance. After the bar is closed, the values are not repaint. It can be used on any timeframe, having previously selected convenient settings for yourself. Parameters: Calcula
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I offer Stochastic indicator (oscillator) with signal line filtration by means of the Adaptive Moving Average (АМА). I 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 - Stochasti
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Extended version of the indicator Average Directional Movement Index (ADX) . The calculation period and the method of smoothing the lines of the direction of movement DI + and DI- are taken out in separate parameters. When the DI + and DI- lines intersect, turnable arrows appear, which can be filtered by the minimum and maximum indicator values at the intersection. Available smoothing types : Simple Moving Average, Exponential Moving Average, Smoothed Moving Average, Linear Weighted Moving Aver
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The indicator is an extended version of the Alan Hull Moving Average. You can define the price and smoothing mode for each of the inner moving averages, including the resulting one. The parameters also feature a moving average "half-period" for a broader selection of values. Besides, it is possible to shift the line left/right and up/down along the chart in points and/or percentage. Growth/fall of a moving average are highlighted in different colors. Parameters: MainPeriod - main inner moving av
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The indicator analyzes the price using Heiken Ashi candle generation principles. However, the moving averages (rather than OHLC prices) are used as input data. Besides, the result is additionally smoothed by averaging. 26 types of moving averages can be used for input data and result: Simple Moving Average, Exponential Moving Average, Smoothed Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regr
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The indicator calculates the wave lines of support and resistance (supply and demand). The calculation is based on a modified algorithm with a minimum delay. Line values are not redrawn, except for the forecast line of the current direction, which is calculated dynamically. The indicator uses two levels of trend line significance - "major" and "minor". There are two modes for calculating the price noise smoothing filter: static and dynamic. In dynamic mode, it is possible to set the minimum filt
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The indicator shows the convergence and divergence of the strength of the selected currencies as a 4-color histogram. The crossing of the zero value by the signal line is additionally highlighted by arrows on the main chart. You can choose to display any combination of currencies, both forward (EURUSD) and reverse (USDEUR). Currencies are selected regardless of the chart currency pair on which the indicator is set. In addition to the main smoothing of the initial values of the force of the selec
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The indicator allows you to determine the current price direction and market volatility. This version of the Traders Dynamic Index  (TDI) has the redrawing of the historical data eliminated, the algorithm calculation speed optimized, more external parameters for a more precise adjustments, and its functionalities extended: added the selection of the initial oscillator and the smoothing methods of the averages. Parameters: Mode Osc - estimation oscillator selection; Period Osc - the calculation p
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jmhuang
3016
jmhuang 2020.05.09 05:12 
 

User didn't leave any comment to the rating

Mujeeb Abdul
2086
Mujeeb Abdul 2015.07.29 13:33 
 

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

Plamen Ivanov
2072
Plamen Ivanov 2015.01.23 10:48 
 

Helpful indicator. Can be very powerful combined with structure.

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Version 2.4 2021.09.25
Added price tags for the vertices.
Version 2.3 2021.08.10
Added a button to display/hide the indicator on the chart.
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