• Información general
  • Comentarios (2)
  • Discusión (10)

ZigZag on average for MQL5

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 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 — use Bobokus Fibo levels (true) ot 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 — show (hide) support and resistance levels.
  • switch (OFF) display channels support and resistance — show (hide) support and resistance channels.

Customize here the color scheme and the width of lines. Please note the following construction specifics of support and resistance lines. They only appear where trend direction changes, so they are a good assistant in detecting entry/exit points. Also note the "traces" of previous channels, which appear as short trendlines on the zigzag tops (bottoms). This indicator provides more you confidence in trade decision making.

Comentarios 2
25170142
34
25170142 2020.09.08 15:48 
 

For the traders who use pitchfork in their trading, this is a very good tool, always the right pitchfork on your chart.

gomainlai
24
gomainlai 2020.04.30 11:51 
 

well design and useful, doing practice on it

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The principle of the indicator operation lies in the analysis of the currency pair history and determining the beginning and the end of the "power" driving the current trend. It also determines the Fibonacci levels in the main window. The indicator also shows how long ago the local Highs and Lows have been reached. How to Use Waves in the subwindow show the strength and the stage of the trend movement. That is, if the waves only start rising, then the trend is in the initial stage. If the wave
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Modified Awesome Oscillator
Gennadiy Stanilevych
La principal función del indicador es determinar y marcar las señales comerciales en el histograma del indicador Awesome Oscillator de acuerdo con las estrategias “Caos de Trading: Segunda Edición” y “Nuevas Dimensiones de Trading” (“Trading chaos: Second Edition” y “New Trading Dimensions”). El indicador detecta y marca las siguientes señales comerciales: “Dos picos” - Divergencia. Señal del “Segundo Sabio” - la tercera barra del histograma Awesome Oscillator después del cambio del color. El hi
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PipFinite Breakout EDGE MT5
Karlo Wilson Vendiola
The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
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Two Moving Average Crossover Alerts Serie MT5
Boris Armenteros
A classic among classics: crossing of two moving averages with all kinds of alerts. Features Crossing of 2 Moving Averages (MAs) at closing of the last bar; Both MAs can be set for any of the following averaging methods: Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (SMMA), Linear-weighted Moving Average (LWMA); Both MAs can be also set for any averaging period and for any of the following prices: Close, Open, High, Low, Median, Typical or Weighted; Any
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This is an interactive and easy-to-set indicator which allows to form seven equally spaced channels which have your settings simultaneously. All seven channels are enabled by default. But you can easily enable one or another channel using control buttons located in the upper case of the indicator's control panel. You can change a period of the indicator calculation by clicking one of buttons indicating number of the channel in the lower case of the control panel. Two other buttons (one of them i
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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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Equidistant Channels
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This indicator is designed for drawing equidistant channels. Two options are available: based on the number of hours in the indicator calculation and by the number of bars. To draw a channel, enter a number 1 or greater. The maximum value is limited by the amount of visible bars. If the parameters you enter are beyond the allowable limits, you will get notified if the indicator restrictions. Please note that the time involved in calculation of the channel must be greater than the timeframe it wi
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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 - base price to calculate the middle line. The averaging method - method of smoothing the middle line. Turning pitchfork
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At 8:00 GMT: Look for the High and the Low occurred between 5:00 GMT and 8:00 GMT. Plot Fibo from the High to the Low to indicate targets, support and resistance. Draw a 50% breakthrough line from the Low to the nearest High OR from the High to the nearest Low. Wait for a breakthrough on the 50% Fibo line or trend continuation on the same level. Enter on the breakthrough or on the bounce from the breakthrough level. Take profit on the targeted level, or adjust our 50% line to the nearest High or
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gomainlai
24
gomainlai 2020.04.30 11:51 
 

well design and useful, doing practice on it

25170142
34
25170142 2020.09.08 15:48 
 

For the traders who use pitchfork in their trading, this is a very good tool, always the right pitchfork on your chart.

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