• Overview
  • Reviews (6)
  • Comments (13)

Point Zig Zag

4.33

The indicator is a polyline (ZigZag segment) that tracks and connects the extreme points of the chart price that are at least a specified size apart from each other in points on the price scale.
The one and only setting is the minimum size (in points) of a ZigZag segment.

The indicator displays levels to determine a possible trend reversal:
level   "LevelForUp"the breaking of this level determines the possible reversal of the trend up (to buy);
level   "LevelForDown "
the breaking of this level determines a possible reversal of the trend downwards (for sale).

You may be interested in the free Expert Advisor "Zigzag Extremum points" in which this indicator is used.

Application options.

Determination of trend direction:

screenshot #2 downtrend;
screenshot #3 uptrend.
To set Stop Loss levels:

screen #2 for sell orders;
screen #3 for buy orders.

Building a trend line   (when waiting for the trend direction to change) :

screen #4
in a downtrend,
the trend line is built on the next two highs,
when the trend line is broken, open a buy order
and set the stop loss to the level of the nearest minimum ;
screenshot #5
in an uptrend,
the trend line is drawn at the next two lows,
when the trend line is broken, open a sell order
and set the stop loss to the level of the nearest maximum .

Trend trading:

screen #6
in a downtrend,
when the nearest minimum is broken, open a sell order
and set the stop loss to the level of the nearest "LevelForUp"   ;
screenshot #7
in an uptrend,
when the nearest maximum is broken, open a buy order
and set the stop loss to the level of the nearest   "LevelForDown "   .

Breakout trading   "LevelForUp" and   " LevelForDown " :

screen #8
breaking through the "LevelForUp"  
 - open a buy order;
breaking through the "LevelForDown" - open a sell order.



Reviews 6
cchzz
137
cchzz 2024.02.21 11:28 
 

很好用的指标,物有所值。

Alessio
292
Alessio 2023.07.14 20:39 
 

This is a great indicator. I have bought many indicators, many EAs. But I have to stop now. I am taking good profit with help of the author on his Free EA Zigzag Extremum points. Thank you Oleg you are a humble person.

Olga Snizhko
965
Olga Snizhko 2023.05.25 11:09 
 

Good.

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The breakout algorithm is a technique based on price, price features, to shape a breakout strategy. The strategy in this indicator will not be redrawn (none-repaint indicator), it is suitable for short or long term traders In the screenshot is the EURUSD pair, these currency pairs, commodities or stocks, it have similar strength *Non-Repainting (not redrawn) *For Metatrader4 Only *Great For Scalping *Great For Swing Trading *Arrow Entry, Green is Long, Red is Short *Works On Any Timeframe *Work
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
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New version 3.00 is available.   In this version, I tried to take into account the wishes of the user. The EA opens trades when the ZigZag extremum point is broken, if before that   RSI   moved to overbought or oversold levels. When breaking through the upper point of the ZigZag extremum and if before that   RSI   moved to the oversold level     - The adviser opens a deal to buy. And when the lower point of the zigzag extremum is broken   and if before   RSI   moved to the level   overbought
FREE
Zigzag Extremum points
Oleg Popov
4.81 (32)
New version 8.00 is available. In this version, I tried to take into account the wishes of the user. Each of you can also take part in the improvement of this advisor. In the default settings, the adviser opens trades when the extremum point is broken       standard indicator       Zigzag. When the upper point of the zigzag extremum is broken, it opens a buy deal, and when the lower point of the zigzag extremum is broken, it opens a sell deal. In addition to the standard ZigZag indicator, whi
FREE
Averager NEW
Oleg Popov
3.29 (7)
Expert Advisor Features trailing profit in the deposit currency (Trailing Stop Money) closing by a profit or loss in the deposit currency opening orders at a specified time managing positions opened manually or by another Expert Advisor calculating initial lot based on the current balance limiting the maximum lot volume choosing trading type several types and methods of averaging visually displays the current breakeven price, draws horizontal lines "Line break even BUY"-blue, "Line break even
FREE
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cchzz
137
cchzz 2024.02.21 11:28 
 

很好用的指标,物有所值。

bismilla
90
bismilla 2023.08.25 08:19 
 

just a waste of money,

Alessio
292
Alessio 2023.07.14 20:39 
 

This is a great indicator. I have bought many indicators, many EAs. But I have to stop now. I am taking good profit with help of the author on his Free EA Zigzag Extremum points. Thank you Oleg you are a humble person.

Olga Snizhko
965
Olga Snizhko 2023.05.25 11:09 
 

Good.

Jiu Si Yong Lai
706
Jiu Si Yong Lai 2023.05.09 00:48 
 

Great indicator. Simple but sustaining strategy. Very reasonable price. Feel that much better than recently popular AI or GPT trash systems...

Mark
239
Mark 2022.12.23 17:33 
 

I have always liked the ZigZag indicator and this one, based on the point size of the legs is even better in my opinion. Oleg has created a nice indicator and his support is excellent, always happy to answer questions.

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