ZigZag based on ATR and Fibo retracement MQL4

4

Description

The base of this indicator is an ZigZag algorithm based on ATR and Fibo retracement. This indicator is not redrawing in sense that the ZigZag's last shoulder is formed right after the appropriate conditions occur on the market. The shoulder doesn't change its direction afterwards (can only continue).

Note: An indicator with advanced possibilities is also available.

Indicator input parameters

The input parameters allow to change the sensitivity of the ZigZag.

  1. ATR period
  2. ATR multiplier that doesn't allow a direction change
  3. ATR multiplier that forces a direction change
  4. Minimum percent retracement that forces a direction change

Note: MQL5 indicator is also available.

Avis 6
Muhammad Nasir khan
175
Muhammad Nasir khan 2025.06.18 05:51 
 

Really amazing, thank you so much.

Quantum Trader
3015
Quantum Trader 2021.08.12 17:36 
 

Great job . Thanks

COLIN BREEN
2756
COLIN BREEN 2020.05.15 11:02 
 

Does what I need for my trading and works better than the buit in ZigZag indicator on MT4

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Plus de l'auteur
Advanced ZigZag with Fibo TL and Swing info
Petr Nosek
3 (1)
Indicateurs
Description The base of this indicator is an ZigZag algorithm based on ATR and Fibo retracement. The ZigZag can be drawn like a classic ZigZag or like Arrows or needn't be drawn at all. This indicator is not redrawing in sense that the ZigZag's last shoulder is formed right after the appropriate conditions occur on the market. The shoulder doesn't change its direction afterwards (can only continue). There are some other possibilities to show advanced information in this indicator: Auto Fibo on
ZigZag based on ATR and Fibo retracement
Petr Nosek
Indicateurs
Description The base of this indicator is an ZigZag algorithm based on ATR and Fibo retracement. This indicator is not redrawing in sense that the ZigZag's last shoulder is formed right after the appropriate conditions occur on the market. The shoulder doesn't change its direction afterwards (can only continue). Note:  An indicator with advanced possibilities is also available. Indicator input parameters The input parameters allow to change the sensitivity of the ZigZag. ATR period ATR multip
FREE
Advanced ZigZag with Fibo TL and Swing info MQL4
Petr Nosek
5 (1)
Indicateurs
Description The base of this indicator is an ZigZag algorithm based on ATR and Fibo retracement. The ZigZag can be drawn like a classic ZigZag or like Arrows or needn't be drawn at all. This indicator is not redrawing in sense that the ZigZag's last shoulder is formed right after the appropriate conditions occur on the market. The shoulder doesn't change its direction afterwards (can only continue). There are some other possibilities to show advanced information in this indicator: Auto Fibo on
Symbol information
Petr Nosek
Utilitaires
The script writes to a text file all-important trading information about the chart symbol including symbol leverage, point value, required margin, swaps, trade and quote sessions and so on. Most traders need this information for their trading decisions. For example for stop loss placement, for volume calculating, for trades closing before session end... You can see a text file example on the screenshot.
Filtrer:
Muhammad Nasir khan
175
Muhammad Nasir khan 2025.06.18 05:51 
 

Really amazing, thank you so much.

votija.63
404
votija.63 2025.03.24 14:34 
 

Pense que iba hacer diferente, pero no! sigue abanzando como cualquier zigzag,

Rajendran Santhosh
19
Rajendran Santhosh 2025.01.02 06:00 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Petr Nosek
4202
Réponse du développeur Petr Nosek 2025.01.02 15:59
What are you talking about?
nivlem44
199
nivlem44 2022.11.30 07:24 
 

good zig zag does not repaint

Quantum Trader
3015
Quantum Trader 2021.08.12 17:36 
 

Great job . Thanks

COLIN BREEN
2756
COLIN BREEN 2020.05.15 11:02 
 

Does what I need for my trading and works better than the buit in ZigZag indicator on MT4

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