ZigZag on average

This is a well-known ZigZag indicator. But it differs by the fact that its plot is based on values of the middle line which is set by a user.

It can display Andrews’ Pitchfork and standard or Bobokus Fibo levels. NO REPAINTING.


Parameters

  • Period МА — middle line period. Default value is 34. Minimum value is 4. Maximum value is set at your discretion.
  • Used to calculate price - base price to calculate the middle line.
  • The averaging method - method of smoothing the middle line.
  • Turning pitchfork — enable (true) or disable (false) Andrews’ Pitchfork.
  • PitchColor — Andrews’ Pitchfork color.
  • Inclusion levels Fibo — enable (true) or disable (false) Fibo levels.
  • Installing Fibo Bobokus levels — enable Bobokus Fibo levels (true) or enable standard Fibo levels (false).
  • Distance to turn Fib levels Bobokus — distance in points between spots of the last movement to visualize Bobokus Fibo levels.
  • Color Fibonacci zone — Bobokus Fibo levels color.
  • switch (OFF) display support and resistance levels - enable (disable) support and resistance lines.
  • switch (OFF) display channels support and resistance - enable (disable) support and resistance channels.

You can also adjust the color scheme and line width here. I would like to mention special aspects of plotting channels and lines of support and resistance.

They appear only where the trend changes its direction, so they can be really useful when searching entry and exit points.

Take note of "traces" of previous channels, which are displayed as short trend lines on tops (bottoms) of the zigzag. This indicator will give you confidence when executing trades.

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5 (2)
Indicators
Gold Scalper Super is an easy-to-use trading system. The indicator can be used as a standalone scalping system on the M1 time frame, as well as part of your existing trading system. Bonus: when purchasing an indicator, Trend Arrow Super is provided free of charge, write to us after purchase. The indicator 100% does not repaint!!! If a signal appears, it does not disappear! Unlike indicators with redrawing, which lead to the loss of a deposit, because they can show a signal and then remove it.
Advanced Currency Strength28 Indicator
Bernhard Schweigert
4.91 (657)
Indicators
Trading Special –40% OFF Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual: click here That's the first one, the original! Don't buy a
Cyclic Impulse
Vitalyi Belyh
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Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
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The purpose of the indicator is drawing an equidistant channel. It is somewhat different from the traditional model. The choice of control parameters is simple and does not require any special description. Enter the calculation interval in hours and the solution to the problem will appear on the screen. Please note that the time involved in calculation of the channel must be greater than the timeframe it will be displayed on. If the parameters you enter are beyond the allowable limits, you will
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Valeriy Medvedev
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The indicator is based on the two-buffer scheme and does not require any additional settings. It can be used on any financial instrument without any restrictions. The indicator is a known ZigZag, but it does not redraw . The indicator allows to easily detect significant levels on the price chart, as well as demonstrates the ability to determine the probable direction of a price movement. The calculations are based on the candles' Close prices, thus improving the reliability of the levels. Param
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The idea of the indicator stems from the necessity to clearly define the borders of support and resistance levels, which helps to plan the opening and closing of positions in the areas that most appropriately determine the process. Look at the breakdowns of the resistance level that confirm the intention of the price to continue the upward movement, after it passed the support level and entered the channel formed by the two levels. The same is for the case when the price enters the channel downw
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This indicator is a logical extension of the product at https://www.mql5.com/en/market/product/12526 . The only difference is that price movement is displayed using a histogram with levels, allowing to assess the direction and strength of the movement. How to interpret the signal: 0 - the middle of the channel; above 0.5 - the breakdown of the channel up; below -0.5 - the breakdown of the channel down. Both indicators are displayed in the attached screenshots. Install the indicator and you will
Simple Line
Valeriy Medvedev
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The indicator shows the levels of the past week and day. In addition, it draws a level in percentage. This level is specified relative to the difference between the High and Low of the past month and week. For the daily levels of the past day, the Close levels are additionally displayed. All you need to do is configure the display parameters of the levels to your liking. Parameters Over the past months installations - settings for the last months; PasteMonthsLines - the level display mode is on
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This indicator is the logical continuation of the well-known equidistant channel indicator: https://www.mql5.com/en/market/product/8723 . The main purpose of the indicator is the visualization of price levels relative to the parallel channel using Fibo Bobokus levels in a separate window and the price history. This often allows forecasting the future price movement with a sufficiently high degree of probability. The Fibo levels calculation equation is as follows: FiboLevel = (50-(100*((Close[i]-
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This simple to use utility allows opening charts from the list of financial instruments by left clicking their names. The chart window is opened using the Default template. The template name can be changed to one of those stored in Charts-Templates section of the terminal. It is possible to customize the background colors of panels and their labels, and also to select the display type for a more comfortable working environment. This is all you need to know in order to see the result quickly. Pa
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Utilities
This is an individual tool for analyzing the market situation. It is very simple to use. After attaching the indicator to the chart, you will see three vertical lines named "VLine 1", "VLine 2" and "VLine 3", following in this order from left to right. For the utility to operate correctly, this sequence should always be observed. Please note: at the first start, the lines are not bound to specific price levels on the chart. This should be done by user in accordance with the following rule: if li
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Valeriy Medvedev
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This indicator is designed for monitoring RSI levels on the current and higher timeframes. The control panel is user friendly and consists of buttons, with which you can control the display of lines as per the names of the buttons. The button color matches the line color. Parameters "___| Settings of the main indicator " RSI Period - averaging period for index calculation (default is 14); RSI Price type - price used for calculations (default is the Close price); "___| Color palette " Text color
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Этот индикатор предназначен для контроля уровней CCI на текущем и старших от него таймфреймах. Панель управления проста в понимании и состоит из кнопок, с помощью которых можно управлять отображением линий, соответствующим указанным на наименовании кнопок. Цвет кнопки совпадает с цветом линии. Этот индикатор из серии подобных индикаторов, которые уже успели завоевать популярность: https://www.mql5.com/ru/market/product/30276 и https://www.mql5.com/ru/market/product/30403 Параметры "___| Setti
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This is a well-known ZigZag indicator. But it differs by the fact that its plot is based on values of the middle line which is set by a user. It can display Andrews’ Pitchfork and standard or Bobokus Fibo levels. NO REPAINTING. Parameters Period МА — middle line period. Default value is 34. Minimum value is 4. Maximum value is set at your discretion. Used to calculate price — type of price used for the midline calculations. The averaging method — type of smoothing for the middle line. Turning p
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Valeriy Medvedev
Indicators
The indicator is similar to https://www.mql5.com/en/market/product/12330 . However, it considers the MQL5 platform features. Peaks and bottoms are calculated based solely on external bars. After a swing is formed, the indicator does not redraw providing opportunities for traders working on horizontal level breakthroughs. Traffic can be reduced by changing the amount of calculated bars in the MinBars variable (default value is 500). All you need is to select the output options, so that you can se
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Valeriy Medvedev
Indicators
The indicator is based on the two-buffer scheme and does not require any additional settings. It can be used on any financial instrument without any restrictions. The indicator is a known ZigZag, but it does not redraw . The indicator allows to easily detect significant levels on the price chart, as well as demonstrates the ability to determine the probable direction of a price movement. The calculations are based on the candles' Close prices, thus improving the reliability of the levels. Param
Simple Line for MQL5
Valeriy Medvedev
Indicators
It is an analogue of the indicator of levels at https://www.mql5.com/en/market/product/24273 for the MetaTrader 5 platform. The indicator shows the levels of the past month, week and day. In addition, it draws a level in percentage relative to the difference between the High and Low of the past month and week. For the daily levels of the past day, the Close levels are additionally displayed. All you need to do is to configure the display parameters of the levels to your liking. In some cases, af
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mntiwana
6154
mntiwana 2021.10.04 22:04 
 

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Quantum Trader
3015
Quantum Trader 2020.11.04 15:13 
 

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Valeriy Medvedev
30539
Reply from developer Valeriy Medvedev 2020.11.04 16:44
Thanks for your feedback.
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