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Valable ZigZag MT5

4.76

Elliott wave theory is an interpretation of processes in financial markets that relies on a visual model of waves on price charts. The Valable ZigZag indicator displays the wave structure of the market, which can be used to make trading decisions.

The Valable ZigZag indicator is more stable and does not often change its direction like the classic ZigZag indicator, misleading traders. This is achieved through the use of fractals in the construction of indicator waves.

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Valable ZigZag is primarily a trend indicator. It sets the main direction in which a trader should trade, but it can also serve as an indicator of entering the market.

For example.

Install the indicator on the H4 timeframe chart, and the direction of the last wave will show you the direction of the trend. Having chosen the trend trading direction, switch to the H1 timeframe and enter the market at the breakdown of the last peak directed towards the selected trend (see Figure 2).


Advantages of the Valable ZigZag indicator.

  • The basis of the constructions is the price reversal levels;
  • Changes direction only when the last local maximum/minimum is broken;
  • Sets the right direction of trading;
See examples of successful trades made using this strategy (see Figure 3). The indicator is not a full-fledged trading system, but when used in addition to the readings of the higher timeframe, you can make a good profit (see Figure 4).

I recommend to use the indicator as part of the trading system Owl - Smart Levels. The trading system includes the basic principles of trading on a global trend and 3 simple indicators that have been tested for a century.

  • Have a look at the weekly trade reviews by clicking on the link >>

The indicator is equally well applicable both in the Forex market and in the stock market. And it works just perfectly on commodity markets and indices. Just look at the figures 5, where the indicator has perfectly plotted the full on the S&P500 index. Even in a fairly young cryptocurrency market, the indicator honors itself perfectly, and gives a clear understanding of the market phase.

Settings of the Valable ZigZag indicator.

The basic indicator on which the main logic is tied is the Full Fractals indicator, so there are only 2 main settings and 2 additional ones in external variables:
  1. Candles on the left – determines the number of bars on the left to build a fractal.
  2. Candles on the right – determines the number of bars on the right to build a fractal
  3. Number of bars to calculate – the number of bars on the chart to be calculated.
  4. Show info panel – on/off info panel
Download and use the Valable ZigZag indicator for free! I hope it will bring you a good profit in the market, and you, in gratitude for this, leave a positive review and share your results in the comments.

Sergey Ermolov is with you, subscribe to my updates!


Reviews 20
Seth Tetteh
1313
Seth Tetteh 2024.04.24 12:50 
 

mad

slacktrader
50
slacktrader 2024.04.15 02:07 
 

thank you for sharing this indicator

amin13eko
434
amin13eko 2023.11.22 06:46 
 

excellent

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Automatically draw support and resistance levels   PLUS   propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT4 Version:  https://www.mql5.com/en/market/product/97246/ There are 2 CORE features in the indicator and 4 additional ones:
First of all Its worth emphasizing here that this Trading System is Non-Repainting, Non-Redrawing and Non-Lagging Indicator, Which makes it ideal for professional trading. Online course, user manual and demo. The "Smart Support and Resistance Trading System" is an advanced indicator tailored for  new  and  experienced  traders. It empowers traders with precision and confidence in the forex market. This comprehensive system combines 7+ strategies, 10 indicators, and various trading approaches,
** All Symbols x All Timeframes scan just by pressing scanner button ** ***Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and 3 years of programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Inte
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Filter:
Seth Tetteh
1313
Seth Tetteh 2024.04.24 12:50 
 

mad

slacktrader
50
slacktrader 2024.04.15 02:07 
 

thank you for sharing this indicator

Andri_FX
15
Andri_FX 2024.02.04 02:31 
 

make my MT5 lag, and slow respon..

Mustafa Nail Sertoglu
1047
Mustafa Nail Sertoglu 2023.11.26 18:03 
 

Hope to use within my trading strategy, thx for efforts ( try to find -other than remainig time- difference from other zigzag indi's)

amin13eko
434
amin13eko 2023.11.22 06:46 
 

excellent

Marcel Matsuno
120
Marcel Matsuno 2023.10.11 15:21 
 

Good 👍

Nasif Dent
19
Nasif Dent 2023.10.03 14:16 
 

Very good indicator thanks for your

Nicolas Dobrovsky
704
Nicolas Dobrovsky 2023.09.30 16:48 
 

Good, better than classic ZigZag indicator.

Vitaliy Kostrubko
1258
Vitaliy Kostrubko 2023.09.18 17:25 
 

...Сергей, добрый день, чёт непойму - КАК должны выглядеть Фракталы ????? настройки НЕ МЕНЯЛ (!) Скачал и установил с настройками по умолчанию ... фракталов НЕВИЖУ ... они там ЕСТЬ ?? тогда КАК их "включить" ??

Sergey Ermolov
160788
Reply from developer Sergey Ermolov 2023.09.18 17:49
Это индикатор zigzag, фракталы в нем не отображаются
Francisco Gomes Da Silva
76173
Francisco Gomes Da Silva 2023.08.09 18:46 
 

The greatest thing about this zig zag tool is that it lets me tailor my fractal settings according to my own preferences. The parameters are really easy to understand, and it even comes with features like push notifications, alert notifications, and email notifications. Additionally, there's a panel that shows the most recent date and a countdown timer indicating when the current bar will close. It also indicates the direction of the last wave. It's truly a visually appealing tool, and I'm incredibly grateful to Sergey for sharing it with us.

Muhamad Gunarsah
38
Muhamad Gunarsah 2023.07.14 08:41 
 

Very good indicator, it helps me from confusion to analyze valid swing. Thanks a lot man.

Detleff Böhmer
2572
Detleff Böhmer 2023.06.03 11:19 
 

Hilfreicher Indikator, danke.

Franck Martin
67477
Franck Martin 2023.05.30 18:05 
 

Excellent indicator, thank you. I use it to perform my signal strategy.

Sergey Ermolov
160788
Reply from developer Sergey Ermolov 2023.05.31 09:19
Thanks for the rating. I am very glad that the indicator turned out to be useful for your trading
Clemildes Horta
232
Clemildes Horta 2023.05.26 16:58 
 

Muito bom. Gostei.

Michael March
339
Michael March 2023.05.20 13:06 
 

Sehr gute Arbeit.

lostsergio
214
lostsergio 2023.04.05 10:16 
 

There are many ZigZag indicators, but I have the impression that this one reflects better the reality of the fractals. Thanks a lot.

Ingo Raul Hofmann
118
Ingo Raul Hofmann 2023.03.20 01:39 
 

Perfeito indicador, importante que não repinta, utiliza base fractal diferente dos demais indicadores zigzag. ACERTIVO ExCELRNTE. grato Raul.

spectrus
114
spectrus 2023.02.24 21:18 
 

Very good Job! Thanks for sharing man!

[Deleted] 2023.02.08 18:33 
 

User didn't leave any comment to the rating

Sesay700
61
Sesay700 2023.02.07 13:32 
 

thanks for your system it helps

Reply to review
Version 2.4 2023.05.02
- added trend reversal notifications
Version 2.3 2023.03.18
The settings have been removed from the logs
Version 2.2 2023.02.22
- Fixed the error of the late reversal of the indicator
- The extreme ZigZag has been moved along the first fixed candle
Version 2.1 2023.02.14
The calculation logic has been completely updated. Now it works more stably, does not crash when switching timeframes. Starts the calculation from the very beginning of the story.