ZigZag and Bollinger Pro
- Göstergeler
- Sürüm: 1.3
- Etkinleştirmeler: 10
ZigZag Bollinger EA is a professional technical analysis tool that combines ZigZag structural wave analysis with Bollinger Bands dynamic levels. The algorithm is designed to identify entry points in the direction of an established trend during the completion of corrective pullbacks.
The core logic of the Expert Advisor is based on identifying market structure through a sequence of ZigZag extrema. A buy signal requires two consecutive higher highs and higher lows. A sell signal requires two consecutive lower highs and lower lows. The signal is formed when the price corrects to the Bollinger Bands middle line, provided that the specified wave distance filters are met.
Technical Specifications
- Platform: MetaTrader 4
- Execution Type: Indicator assistant with an alert system
- Recommended Timeframes: M15, H1, H4
- Recommended Trading Instruments: High-volatility currency pairs, Gold (XAUUSD)
Key Features
- Comprehensive market structure analysis based on the last four ZigZag extrema.
- Signal filtering by minimum distance between peaks and troughs in points.
- Candle close control relative to the Bollinger Bands middle line to confirm a reversal.
- Automatic history scanning upon startup with signal visualization for a specified bar depth.
- Terminal sound notification system for new patterns.
Adjustable Parameters
- ZigZag Block: Full configuration of Depth, Deviation, and Backstep parameters.
- Distance Filters: Setting the minimum distance in points between external and internal vertices to eliminate market noise.
- Bollinger Bands Block: Configuration of the period, deviation, and calculation method for the middle line (can be used as a simple moving average).
- Visualization: Management of the size and color of signal arrows.
- History Depth: Adjustment of the number of bars for preliminary analysis during initialization.
Important Note
For the algorithm to operate correctly, ensure that the standard ZigZag indicator is present in your terminal. In the EA settings, the ZZ_Name field must contain the exact name of the indicator as it appears in your terminal's custom indicators list.
