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ZigZag Lines MTF for MT5

5
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.

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.

Settings

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;

Display on the chart
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;
Show amount of touches — show the number of touches near the line price;
Offset for touches (above/below from the ZZ-point, points) — the range in which the ZZ-point will be considered as touching the level. 

Alerts
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);

Colours
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;

Candles
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.


Comentários 6
HOGJoerch63
69
HOGJoerch63 2022.05.09 07:39 
 

very useful indicator to get an overview. Thumbs up

Alexander Eduardo Camarena Hermoso
280
 

Hello, I have bought the Zig Zag Lines MTF indicator for MT5 but I have some doubts about how the targets work, how can I interpret them, thank you if you can send me more information

Oliver Hesse
891
Oliver Hesse 2020.08.13 22:55 
 

Love it

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Filtro:
HOGJoerch63
69
HOGJoerch63 2022.05.09 07:39 
 

very useful indicator to get an overview. Thumbs up

Alexander Eduardo Camarena Hermoso
280
 

Hello, I have bought the Zig Zag Lines MTF indicator for MT5 but I have some doubts about how the targets work, how can I interpret them, thank you if you can send me more information

Taras Slobodyanik
53960
Resposta do desenvolvedor Taras Slobodyanik 2022.04.12 16:51
Hello. Targets shows the levels according to the current ZZ-points. If you do not use them or are in doubt, you can disable them in the settings. Thank you.
Devonish
2141
Devonish 2020.11.06 12:05 
 

O usuário não deixou nenhum comentário para sua avaliação

Oliver Hesse
891
Oliver Hesse 2020.08.13 22:55 
 

Love it

Mr Laszlo Menyhart
327
Mr Laszlo Menyhart 2020.06.12 16:29 
 

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

Tarun Chaudhry
2895
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.

Responder ao comentário
Versão 4.5 2021.11.05
1) Added parameters for displaying the number of times the price touches the ZigZag point. (Show amount of touches, Offset for touches)
Versão 4.4 2021.07.12
1) Added "Hotkeys" parameters. Now you can switch the display of indicator elements by pressing hot keys.
Versão 4.3 2021.05.03
1) For the parameter "Candles" added "Show Day of week", "Show Date" and the ability to specify a color for each day of the week.
Versão 4.2 2021.04.05
1) Added display of the number of points between High and Low (Show range High-Low).
Versão 4.0 2020.06.08
1) Recompilation for the new MT5 build.
Versão 3.9 2020.04.14
1) Fixed a new bug with displaying dots.
Versão 3.8 2020.04.14
1) Added parameter "Show Horizontal Lines".
Versão 3.6 2019.10.30
1) Fixed copy bug for iCustom function.
Versão 3.5 2019.10.23
1) Added a new mode "High-Low of the period".
2) Code optimization.
Versão 3.4 2019.04.11
1) Added new mode "ZigZag Close".
2) Added alert when the price is near the line.
Versão 3.3 2018.10.28
1) Fixed a bug in the calculation of the time of the end of the line.
Versão 3.2 2018.10.14
1) Added the ability to read points using iCustom. Points are saved sequentially in the indicator buffer.
Versão 2.31 2018.08.28
1) Added the name of the pair, to the prefix of the global variables.
Versão 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.
Versão 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.
Versão 2.10 2017.08.16
1) Added option "Add alert when changing the direction of ZigZag"
2) Fixed minor bugs.
Versão 2.0 2017.06.08
1) Added Candles of other periods (up to Quarterly).
2) Small fixes.