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ZigZag Lines MTF for MT5

Multitimeframe ZigZag indicator. It displays the support/resistance lines and their breakouts, as well as draws the current targets of the market. It can also display lines of the Fractals indicator and candles from other periods (up to Quarterly). 

The indicator redraws the last (current) point, and in some cases can change the last 2-3 points.

This version is for MT5 only.

All lines are drawn as objects (not indicator buffers, but there is a possibility to receive the data for the EA).
When used in an Expert Advisor, you can read ZigZag points using iCustom. For this you need to specify the number of points in the very first parameter. The current (last) point will have an index of 0, the previous index of 1, etc.

For example:

//Calculate the last "10" points, and find out the current price-time.
handle_ZZ=iCustom(_Symbol,_Period,"ZigZagLines","10",0,Depth,Deviation,Backstep);

   double price=iZZ(0,0);
   datetime start_time=(datetime)iZZ(1,0);
   datetime end_time=(datetime)iZZ(2,0);

double iZZ (int buff, int index)
{double ArrDouble[1];if(index<0)return(0);if(CopyBuffer(handle_ZZ,buff,index,1,ArrDouble)>0)return(ArrDouble[0]);else return(0);}


Parameters

  • Mode — draw support and resistance levels based on:
    • Zig Zag — the ZigZag indicator;
    • ZigZag Close — the ZigZag Close indicator;
    • Fractals — the Fractals indicator;
    • High-Low of the period — building an indicator by high-low levels. The timeframe is specified in the Period parameter;
    • Candles only — draw only Candles;
  • Depth — the minimum number of candlestick, for which Zigzag will not draw the second maximum (or minimum), if the last one is Deviation less (or greater) than the previous one;
  • Deviation — the minimum number of points between the Highs/Lows of two adjacent candlesticks for the Zigzag to form a local top/bottom;
  • Backstep — the minimum number of candlesticks between the local Highs/Lows;
  • Period — period for calculation of ZigZag of Fractals;
  • Max bars to calculate (bars) — the maximum number of bars for calculation. This limitation is introduced to speed up the calculations;
  • Show Zigzag — show the ZigZag;
  • Show current ZZ-point (redrawing point) — show current (last) point;
  • Show Price — show the price of the levels;
  • Show Targets — show the current targets (where the market is headed);
  • Show broken lines) — show the broken levels;
  • Extend broken lines (bars) — extend the broken lines to the right by the specified number of bars;
  • Show Dot at the start of the line — display dots at the turning points of the indicator;
  • Pop up alerts — pop-up alert when touching a level;
  • Push notifications — Push-notification;
  • E-mail notifications — notification by e-mail;
  • Sound alert — sound alert when touching a level;
  • Alert when "Line breakout" — alert when the ZigZag level is broken;
  • Alert when "Changing the ZigZag direction" — alert when changing direction of ZigZag;
  • Alert when "Price is near the line" — alert if the price is near the level (once a bar, the current point of the ZigZag is not checked);
  • Distance to the line for alert (points) — distance for alert (in points);
  • Upper line color — color of the upper lines;
  • Lower line color — color of the lower lines;
  • Main line width — width of the main line;
  • Main line style — style of the main line;
  • Used line width — width of the used line;
  • Used line style — style of the used line;
  • Font size price — font size for the Prices;
  • Font size dot — font size for the Dots;
  • ZigZag color — color of the ZigZagа;
  • ZigZag width — width of the ZigZag lines;
  • ZigZag style — style of the ZigZag lines;
  • Display candles — enable the display of candles from other periods;
  • Candles period — period for the candles, all standard ones plus Quarterly;
  • Number of Candles in the past — the number of candles on the chart;
  • Shadow color — candle of the candle wicks;
  • Body color (bullish) — body candle of a bullish candle;
  • Body color (bearish) — body color of a bearish candle;
  • Save points to global variables — store points in the Global Variables of the terminal;
  • Number of points to be stored — number of points to be stored (current point is zero);
  • Prefix global variables — prefix for Global Variable names.
    Comentarios 4
    Devonish
    1413
    Devonish 2020.11.06 12:05 
     

    I like it, finding it very useful.

    Revilo2200
    1241
    Revilo2200 2020.08.13 22:55 
     

    Love it

    cmaker
    256
    cmaker 2020.06.12 16:29 
     

    The most useful indicator .Excellent product support . Highly recommend it .

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    Alexander Nechaev
    The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history.  The indicator calculates Take Profit and Stop Loss marks. Important information:  To use the full potential of the indicator, we strongly recommend that you
    55 USD
    BlueDigitsFx Easy 1 2 3 System MT5
    Ziggy Janssen
    *All In One System Indicator, Breakthrough solution for any Newbie or Expert Trader ! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The System In Detail :  https://youtu.be/fIOWwWuE5ZQ BlueDigitsFx's Easy 1 2 3 System is an all in 1 Indicator with a variety of options to work with. Telegram Channel & Group  here Performs Amazingly with a Market Base Line for example; 50ema, 200ema, Kijun sen,...   Pe
    98 USD
    Pivot Prof
    Paul Anscombe
    Un indicador excepcional ... Obtenga increíbles oportunidades comerciales con Pivot Prof y use los niveles que usan los profesionales, ¡mejore sus operaciones hoy! Pivot Prof es rico en funciones y utiliza algoritmos únicos para calcular y mostrar los niveles de negociación de múltiples marcos de tiempo en un solo gráfico fácil de leer, y proporciona alertas de terminal, móvil y correo electrónico, además de personalización completa. Actualización importante Maximice el potencial de Pivot P
    69 USD
    LT Easy Market
    Thiago Duarte
    Easy Market makes the market easier to trade. It allows you to see an "eternally" side (no trend) market, making it extremely easy to see when the price is overbought or oversold. Both trend and consolidation traders will like Easy Market. You can use it as an auxiliary window (below chart) or in full screen mode. See the screenshots and note how it gives you accurate entries! Free demo version:   https://www.mql5.com/pt/market/product/41869 Free signals emitter:   https://www.mql5.com/en/market
    50 USD
    Range Bars Charting
    Artur Zas
    Range Bars for MetaTrader 5 is a unique tool for conducting technical analysis directly on the charts, as the indicator is an overlay on the main chart and range bars are calculated using real tick data. The trader can place and modify orders directly on the range bar chart (even with the use of one-click trading). Apart from range candles, the indicator also includes the most commonly used technical studies which are 3 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weight
    45 USD
    Resistance and Support Zones MTF for MT5
    Pavel Zamoshnikov
    The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart. Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level. This indicator determines and draws precisely such a price range within which strong pos
    40 USD
    X Tick Chart
    Artur Zas
    Tick charts measure the number of transactions per bar. To give you an example if you have a 233 tick chart, each bar measures 233 transactions per bar and a new bar is plotted after 233 transactions. You can choose any number of ticks per bar but most traders choose Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...). The indicator uses tick data to plot the historical tick chart for a particular setting and real ticks for plotting live charts. This method of calculation gives ve
    45 USD
    Blahtech Market Profile MT5
    Blahtech Limited
    Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
    95 USD
    ZhiBiA
    Qiuyang Zheng
    Este indicador es apropiado para cualquiera de las variedades de la mt5 y para cualquier ciclo, pero el ciclo más adecuado es de 30 minutos y cuatro horas, con un simple uso de flechas que no se cambian definitivamente, no se transportan a la deriva ni se les dará un arma de fuego. El objetivo de este indicador se basa en el ATR y en la definición de la ma, junto con un cálculo híbrido, que se desarrollará con una tasa de exactitud alta. Para ver la flecha en el verde. Mira la Flecha Roja
    58 USD
    Harmonic ABCD Universal MT5
    Mihail Matkovskij
    The indicator for trading on the signals of the harmonic pattern AB=CD. It gives signals and shows the levels of entry into the market, as well as levels for placing stop orders, which allows the trader to make timely decisions on entering the market, as well as effectively manage positions and orders. It supports sending push notifications to a mobile device, e-mail, as well as alerts. This indicator has been ported from the version for MetaTrader 4. For more information, as well as a detailed
    99 USD
    Laguerre VIX Trend Extremes MT5
    Synapse Investment Research Group, Inc.
    The  Laguerre VIX Trend Extrema   (LVTE)  indicator detects market tops and bottoms. As its name suggests, LVTE is a percentage price oscillator that identifies extreme ranges in market price. As described in John F. Ehlers book  "Cybernetic Analysis for Stocks and Futures,"  incorporating Laguerre's equation can facilitate more advanced trend detection and smoother filters, while requiring less data. Here, we use multiple variants on Laguerre's equation, for robust detection of price maxima and
    99 USD
    Ultimate Strength Meter Strong VS Weak
    ScorpionFX
    (FOR MT5)  Ultimate Strength Meter Strong Vs Weak :   This indicator has been specifically designed for measuring the strength of the 8 major currencies (USD, EUR, GBP, JPY, CHF, AUD, NZD and CAD). Allowing you to quickly select the best pairs to trade (Strong VS Weak). This indicator provides an EXCELLENT way to trade particular trading sessions. And a great way to trade the news events. As it represents current (real time) conditions. And you can select at which time you would like for it to
    79 USD
    Pivot Channels PRO MT5
    Dmitry Zmitrovich
    ⭐⭐⭐⭐⭐ I'm glad to present you my new "Pivot Channels Pro" indicator. ⭐⭐⭐⭐⭐ It builds on my previous indicators and over six years of experience using them. This indicator includes all the best strategies that I have researched. When developing and optimizing, I used ML algorithms. The indicator is very easy to use. Now the indicator has 3 basic strategies and the ability to customize your own strategy. I am constantly looking for better strategies. Telegram channel:   https://t.me/d_product
    50 USD
    Herrick Payoff Index
    Konstantin Gruzdev
    Herrick Payoff Index (HPI) confirms strong trends and helps to determine a moment when they change their direction, it also tracks prices, volume of trades and open interest (current liabilities) , combining them into one parameter . In MetaTrader 5, Herick Index can be displayed as a histogram or a linear chart for all trading instruments for which open interest is transmitted. Current liabilities or open interest represents the total volume of effective contracts (futures, options) for which t
    49 USD
    SuperTrend Scanner MT5
    FXsolutions
    This scanner shows the trend values of the well known indicator SuperTrend for up to 15 instruments and 21 time frames. You can get alerts via MT5, Email and Push-Notification as soon as the direction of the trend changes. Important Information You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher time frames e.g. W1 and D1 are already showing green values (upward trend) but the H12 time frame shows a re
    49 USD
    Filtro:
    Devonish
    1413
    Devonish 2020.11.06 12:05 
     

    I like it, finding it very useful.

    Revilo2200
    1241
    Revilo2200 2020.08.13 22:55 
     

    Love it

    cmaker
    256
    cmaker 2020.06.12 16:29 
     

    The most useful indicator .Excellent product support . Highly recommend it .

    Tarun Chaudhry
    3681
    Tarun Chaudhry 2018.07.06 01:06 
     

    The product does what it says.

    It does it very well. Happy with it.

    The options are satisfactory.

    The author is very helpful.

    I can happily recommend.

    Respuesta al comentario
    Versión 4.0 2020.06.08
    1) Recompilation for the new MT5 build.
    Versión 3.9 2020.04.14
    1) Fixed a new bug with displaying dots.
    Versión 3.8 2020.04.14
    1) Added parameter "Show Horizontal Lines".
    Versión 3.6 2019.10.30
    1) Fixed copy bug for iCustom function.
    Versión 3.5 2019.10.23
    1) Added a new mode "High-Low of the period".
    2) Code optimization.
    Versión 3.4 2019.04.11
    1) Added new mode "ZigZag Close".
    2) Added alert when the price is near the line.
    Versión 3.3 2018.10.28
    1) Fixed a bug in the calculation of the time of the end of the line.
    Versión 3.2 2018.10.14
    1) Added the ability to read points using iCustom. Points are saved sequentially in the indicator buffer.
    Versión 2.31 2018.08.28
    1) Added the name of the pair, to the prefix of the global variables.
    Versión 2.30 2018.08.25
    1) Added displaying the current point - "Current ZZ-point (Redrawing point)".
    2) Added options for saving points in the Global Variables. Now you can read the coordinates of points using EA.
    3) Code optimization.
    4) Fixed bug of double fractal.
    Versión 2.20 2018.06.01
    1) The indicator can now draw levels using Fractals. The "Draw Support & Resistance on the Fractals" parameter.
    2) Added the option ti disable dots at the beginning of lines using "Dot at the start of line". Also, there is an option to set the size of these dots using "Font size dot".
    3) Now you can run several instances of the indicator in one window.
    4) Code optimization.
    Versión 2.10 2017.08.16
    1) Added option "Add alert when changing the direction of ZigZag"
    2) Fixed minor bugs.
    Versión 2.0 2017.06.08
    1) Added Candles of other periods (up to Quarterly).
    2) Small fixes.