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RenkoZigZag

The indicator displays Renko bars on the chart and uses them to plot the ZigZag - trend lines connecting the local Lows and Highs of the price movement.

Renko - specialized display of the price action, in which the graph is displayed not every bar of the time frame, but only under the condition that the price had passed more than the specified number of points. Renko bars are not bound to a time frame, so the indicator can work on any time frame with the same efficiency.

This implementation of the ZigZag is plotted based on two parameters - zzDev (minimum deviation as a percentage of the previous movement) and zzBack (the minimum number of Renko bars formed in the direction opposite to the previous movement).


Description of the indicator parameters:

  • RenkoBar - size of a Renko bar in points (automatically recalculated for 5-digit quotes);
  • CountBars - the number of Renko bars displayed on the chart;
  • bearColor - color of a bearish Renko bar;
  • bullColor - color of a bullish Renko bar;
  • hideBars - flag to hide the usual bars on the chart;
  • zzDev - deviation from the previous movement as a percentage;
  • zzBack - deviation from the previous movement as a number of Renko bars;
  • zzColor - color of the ZigZag lines;
  • zzWidth - width of the ZigZag lines.
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PipTick Currency Index MT4
Michal Jurnik
PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. The indicator uses the unique calculation formula that reflects actual volume of forex market. Basically, it is a weighted average of currency pairs values which form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency. Not
67 USD
Netsrac ADR Dashboard
Netsrac ADR Dashboard
Carsten Pflug
The intention of the dashboard is to provide a quick overview of the daily, weekly and monthly range of configured assets. In "single asset mode" the dashboard shows you possible reversal points directly in the chart, thus making statistics directly tradable. If a configured threshold is exceeded, the dashboard can send a screen alert, a notification (to the mobile MT4) or an email.  There are various ways of using this information. One approach is that an asset that has completed nearly 100% of
59 USD
InfoPanelMarket
InfoPanelMarket
Chantal Sala
Informational indicator which shows: Swap Price under/upper Open for every Time Frame Spread Time to close the current candle Broker Time Net Change: delta in percentage from Open (MN-W1-D1) Tick Value Volumes Info for every trades open: Lots Breakeven Profit Buy-Profit Sell Equity Symbol Positive values are green and negative values are red (modifiable in input). Inputs: View BE line (enable/disable) View all Symbol (shows the list of symbol) Color (for every text) Line Color (for BE line)
50 USD
Exponential Momentum
Exponential Momentum
Yaser Sabbaghi
Advanced and affordable momentum indicator that fade the fake move of market. It is smoothed because of special sophisticated exponential averaging calculation. It is also similar to special type of CCI with more tolerance to overbought or oversold conditions with built-in momentum indication. This indicator is able to empower your trading as a trend detector, CCI and market momentum scale measurement. Features Smoothed to filter uncomfortable noises. Non-Lagging Exponential averaging. Line or
50 USD
MarketMeter
MarketMeter
Stanislav Korotky
This is an easy to use indicator based on multitimeframe cluster analysis of specified currencies. It provides simple yet powerful signals for trading and gives numerical measures of signal strength in percentage value. After placing the indicator on a chart, it displays a table with the following structure: all symbols with currently available opportunities to trade are listed in rows, and trading strategies are listed in columns as short-term (hours), mid-term (days), and long-term (weeks) tra
149 USD
Pattern Trader No Repaint
Pattern Trader No Repaint
Elmira Memish
Pattern Trader No Repaint Indicator MT5 Version of the indicator:  https://www.mql5.com/en/market/product/57462 Advanced Chart Patterns Tracker MT4:  https://www.mql5.com/en/market/product/68550 I ndicator searches for 123 Pattern, 1234 Pattern, Double Top, Double Bottom Patterns , Head and Shoulders, Inverse Head and Shoulders and ZigZag 1.618 Pattern. Pattern Trader indicator uses Zig Zag Indicator and Improved Fractals to determine the patterns. Targets and Stop Loss Levels are defined
220 USD
Pairs Arbitrage Correlation
Pairs Arbitrage Correlation
Vladimir Tkach
The cross-correlation indicator calculates the relationship between the specified pairs for the previous period. Automatically selects the instruments with the highest and the lowest correlation, and then simulates trading on the selected pairs on the same test period. Then indicator displays the pairs that have shown the best trading results. Visualizes the PAC (Pairs Arbitrage Correlation) criterion for the pairs selected by the trader. The signal to open trades is set by the PAC levels. When
50 USD
Venom
Venom
Yaroslav Varankin
Индикатор Venom - это новый вид индикатора скальпинга. с высокой точностью правильных прогнозов более 70% в индикаторе вы можете выбрать, для какого периода отображать сигналы, чем больше столбцов вы выберете, тем больше сигналов вы получите сигналы индикатора не перерисовываются не исчезают ему можно доверять 100% Когда под свечой появляется синяя красная стрелка, покупается опция ВВЕРХ. Когда появляется красная стрелка, выбирается опция ВНИЗ. индикатор основан на нашей новой разработке, то ес
70 USD
QQ Deep Binary
QQ Deep Binary
Jhonsep Lopez
The main purpose of the QQ-Deep Binary indicator is to determine the direction of the sail marked for Binary Options. It works for any currency pair, presenting better result in volatile instruments. The indicator is designed to simplify market analysis, and is based on price pattern detection strategies combined with multi-currency econometric velocity. The development team is constantly improving the functionality of the indicator. Indicator Advantages No repaint. Works on all currencies. Mu
400 USD
PipTick Supply Demand
PipTick Supply Demand
Michal Jurnik
PipTick Supply Demand is the best indicator we have ever made. This great tool automatically draws a supply and demand zones which are the best places for opening and closing the positions. It has many advanced features such as multi timeframe zones support, displaying width of zones, alert notifications for retouched zones and much more. Because of principle of market fractality, this indicator can be used for any kind of trading. It does not matter whether you are positional, swing or intraday
97 USD
PipTick Effort Index MT4
PipTick Effort Index MT4
Michal Jurnik
PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the change in price (Result) to the size of volume (Effort) for a certain period of time. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to scale of 0-100% based on a selectable look back period. The law of effort and result The law of effort vs. result states that the change in price of a tradin
67 USD
MultiSymbol Triple Screen Trading System
MultiSymbol Triple Screen Trading System
Aleh Sasonka
Purpose The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy. It works with any symbols located in the Market Watch window of the MT4: currencies, metals, indexes, etc. The number of instruments can be limited by capacity of the МТ4's parameters. But if desired, you can create several windows with various set of instruments and parameters. Operation Principle The indicator uses the modified Triple Screen Strategy for determining trend direction in the
75 USD
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Harmonic Butterfly MT5
Harmonic Butterfly MT5
Sergey Deev
The indicator detects and displays М. Gartley's Butterfly pattern. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The pattern and wave parameters are displayed on the screenshots. The default parameters are used for demonstration purposes only in order to increase the amount of detected patterns. Parameters
30 USD
UniversalEA
UniversalEA
Sergey Deev
The EA allows creating a trading system based on a custom indicator. The trading robot automatically opens/closes trades by signals of the indicator that places the values not equal to 0 and EMPTY_VALUE to the buffer. The EA checks the values of the specified indicator buffers, as well as opens/closes and tracks deals according to specified parameters. The trading robot features the following deal-tracking functions: Setting SL/TP for deals; calculating volume by specified risk; transfer to brea
50 USD
EA Locking Grid
EA Locking Grid
Sergey Deev
Semiautomatic EA for trading based on the averaging and locking strategy. The trader sends signals for opening grids by using the buttons on the chart. The EA opens a market order, places a grid of limit orders in the same direction with lot multiplication according to specified parameters and a locking stop order in the opposite direction with the volume equal to the sum of all the previous ones. Once the price passes the specified breakeven level, the EA places a stop loss at the open price+sp
30 USD
MTF Stochastic
MTF Stochastic
Sergey Deev
The indicator displays the data of the Stochastic oscillator from a higher timeframe on the chart. The main and signal lines are displayed in a separate window. The stepped response is not smoothed. The indicator is useful for practicing "manual" forex trading strategies, which use the data from several screens with different timeframes of a single symbol. The indicator uses the settings that are identical to the standard ones, and a drop-down list for selecting the timeframe. Indicator Parame
30 USD
Dual Channel
Dual Channel
Sergey Deev
The indicator plots two subsequent channels by the closing prices and checks if their sequence matches the scheme demonstrated in the screenshots. If the conditions are met, a signal is formed, which is displayed by an arrow of the corresponding color on the chart. A rhombus on the chart displays a possible stop loss level. When a signal forms the indicator can generate a pop-up window, send Push and/or Email - notifications. The indicator parameters ChPeriod - channel length UseAlert - enable
30 USD
MultiTF Candles
MultiTF Candles
Sergey Deev
The indicator displays the data of the candles from a higher timeframe on the chart. Only the candle body (by the open and close prices) is displayed. The candlesticks are colored depending on the difference between the open and close prices. After removing the indicator from the chart, the objects used by it are deleted automatically. Indicator Parameters TimeFrame - time frame (drop-down list) BearColor - bearish candle color (standard dialog) BullColor - bullish candle color (standard dialo
30 USD
MTF MACD
MTF MACD
Sergey Deev
The indicator displays the data of a standard MACD indicator from a higher timeframe. The product features notifications of crossing the zero or signal line by the histogram. Parameters TimeFrame - indicator timeframe (dropdown list) MacdFast - fast line period MacdSlow - slow line period MacdSignal - signal line period MacdPrice - price type (dropdown list) AlertCrossZero - enable notifications of crossing the zero line AlertCrossSignal - enable notifications of crossing the signal line UseNo
30 USD
MTF MovingAverage
MTF MovingAverage
Sergey Deev
The indicator displays the moving average of a higher timeframe on the chart. The indicator parameters TimeFrame - time frame of the moving average (drop-down list) MaPeriod - moving average period MaMethod - moving average method (drop-down list) MaShift - moving average shift MaPrice - moving average price (drop-down list)
30 USD
MTF ATR
MTF ATR
Sergey Deev
The indicator displays the data of the Average True Range (ATR) from a higher timeframe on the chart. It allows you to see the scope of the movement without having to switch to another screen terminal The indicator parameters TimeFrame - time frame of the data (drop-down list) can not be lower than current AtrPeriod - period of the Average True Range indicator a higher timeframe range
30 USD
MTF ADX
MTF ADX
Sergey Deev
The indicator displays the data of the standard ADX indicator from a higher timeframe on the chart. Several indicators with different timeframe settings can be placed on a single chart. The indicator parameters TimeFrame - time frame of the data (drop-down list) can not be lower than current AdxPeriod - period of the indicator for a higher timeframe AdxPrice - prices for the calculation of the indicator data from a higher timeframe
30 USD
Dual Stoch Arrows
Dual Stoch Arrows
Sergey Deev
The indicator displays the data of the Stochastic oscillator from two higher timeframes on the chart as icons. green square - oversold status red square - overbought status red arrow - downward movement green arrow - upward movement The indicator parameters StochK - K period of the indicator StochD - D period of the indicator StochSlow - the indicator slowing StochLevel - overbought level (oversold level is calculated as 100-StochLevel) StochMethod - method of moving averages (drop down list)
30 USD
Triple Channel
Triple Channel
Sergey Deev
The indicator plots three consecutive channels by Close prices and checks if they match the scheme shown in the screenshots. The length of each channel is not fixed and is selected by the program within the range ChMin and ChMax . When the match is found, a signal is formed (an appropriately colored arrow). A possible stop loss level is displayed as a diamond. A signal may be accompanied by a pop-up window, a push notification and/or an email. The indicator works by Open prices. Parameters ChM
30 USD
Dual MACD Arrows
Dual MACD Arrows
Sergey Deev
The indicator displays the data of the MACD oscillator from two higher timeframes on the chart as icons. green arrow up - the histogram is greater than zero, the signal line is below the histogram (upward movement) green arrow down - the histogram is greater than zero, the signal line is above the histogram (downward movement) red arrow up - the histogram is less than zero, the signal line is below the histogram (upward movement) red arrow down - the histogram is less than zero, the signal line
30 USD
MACD Divergence
MACD Divergence
Sergey Deev
The indicator detects divergence signals - the divergences between the price peaks and the MACD oscillator values. The signals are displayed as arrows in the additional window and are maintained by the messages in a pop-up window, e-mails and push-notifications. The conditions which formed the signal are displayed by lines on the chart and in the indicator window. Indicator Parameters MacdFast - fast MACD line period MacdSlow - slow MACD line period MacdSignal - MACD signal line period MacdPri
30 USD
Harmonic Butterfly
Harmonic Butterfly
Sergey Deev
The indicator detects and displays М. Gartley's Butterfly pattern. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The pattern and wave parameters are displayed on the screenshots. The default parameters are used for demonstration purposes only in order to increase the amount of detected patterns. Parameters
30 USD
Magic MovingAverage
Magic MovingAverage
Sergey Deev
The indicator displays the averaged value of the moving averages of the current and two higher timeframes with the same parameters on the chart. If the moving averages are located one above the other, the resulting one is painted in green, showing an uptrend, in the opposite direction - red color (downtrend), intertwined - yellow color (transitional state) The indicator parameters MaPeriod - moving average period MaMethod - moving average method (drop-down list) MaShift - moving average shift
30 USD
Sqrt Moving Average
Sqrt Moving Average
Sergey Deev
The indicator displays the price movement on the chart, which is smoothed by the root mean square function. The screenshot shows the moving average with period 20, the smoothed root mean square (red) and simple SMA (yellow). The indicator parameters MAPeriod - Moving average period MaPrice - applied price (drop down list, similar to the standard MovingAverage average) BarsCount - number of processed bars (reduces download time when attaching to the chart and using in programs).
30 USD
Sqrt MACD
Sqrt MACD
Sergey Deev
The indicator displays the MACD oscillator in the additional window, plotted based on the root-mean-square moving averages of the lines. The screenshot shows the moving MACD indicators with the same parameters, plotted on the lines of the root-mean-square (upper) and standard (bottom) lines. The superiority of the upper indicator is visible to the naked eye. The indicator parameters MacdFast - fast root-mean-square line period MacdSlow - slow root-mean-square line period MacdSignal - signal SM
30 USD
SqrtBands
SqrtBands
Sergey Deev
The indicator displays the Bollinger bands on the chart, plotted based on the root-mean-square moving average of the lines. The screenshots show the standard indicator (monochrome lines) and the SqrtBands indicator (red and yellow lines) on the same time interval. It can be easily seen that the bands of the second indicator are located much closer to the price and show its movement more accurately. The indicator parameters SqrtPeriod - period of the root-mean-square line and the standard devia
30 USD
SqrtDev
SqrtDev
Sergey Deev
The indicator displays the standard price deviation from the root mean moving average line in the additional window. The screenshot displays the standard indicator (the lower one) and SqrtDev (the upper one). Parameters SqrtPeriod - root mean line and standard deviation period. SqrtPrice - applied price (drop-down list). BarsCount - amount of processed bars (reduces the download time when applying to a chart and using in programs).
30 USD
EA DualChannel SqrtMA
EA DualChannel SqrtMA
Sergey Deev
The Expert Advisor performs the opening of trades by the signals of the Dual-Channel indicator, as well as their maintenance. The root-mean-square moving average is used as an auxiliary indicator. The long trade is opened when the Dual-Channel indicator "draws" a blue arrow, the signal candlestick is located above the moving average, directed upwards. The short trade is opened when the Dual-Channel indicator "draws" a red arrow, the signal candlestick is located below the moving average, directe
10 USD
EaOrdersSupport
EaOrdersSupport
Sergey Deev
The Expert Advisor sets stop loss and take profit for orders opened manually and tracks deals, including moving to breakeven after a specified profit is reached and trailing stop with specified parameters. BUY and SELL buttons with similar functions are now displayed on the screen to test the EA in the strategy tester. They can also be used in real trading. The default settings contain data for five-digit quotes. When using the EA on four-digit quotes, the EA re-calculates the settings automatic
30 USD
ChartMultiCurrency
ChartMultiCurrency
Sergey Deev
The indicator displays the candles of an "attached" symbol at the scale of the main one. The scale is re-calculated by High/Low points of the displayed period. The Moving Average of the "attached" symbol (yellow line on the screenshot and video) is additionally shown on the chart. The Moving Average of the main chart symbol is not included. It should be launched separately. The indicator helps you to assess the correlation between the symbols during the pair trading. You can launch several indic
30 USD
ZzFibo
ZzFibo
Sergey Deev
The indicator shows the potential points for placing pending stop orders on the continuation of the movement after the roll-back. The basis of the signals are the ZigZag lines and the Fibo levels. When the price rolls back to 38.2 .. 61.8 the EA generates a signal to place a pending order at the level 100 with a target at 150 and a stop loss at the peak of the roll-back wave. Level parameters are moved to the settings. When a roll-back condition occurs, a Fibonacci grid with the levels required
30 USD
Spread Average
Spread Average
Sergey Deev
The indicator displays in the additional window the size value of each candle in points, the average value over the specified period, and also a signal of the last candle exceeding the average value multiplied by the specified coefficient. During the formation of the signal, a message can be displayed in a pop-up window and/or notifications can be sent to email and to mobile terminal. This indicator uses the MovingAverages.mqh library from the standard MetaTrader 4 software pack. The indicator
30 USD
Harmonic 50
Harmonic 50
Sergey Deev
The indicator detects and displays the 5-0 harmonic pattern on the chart according to the scheme provided in the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, does not require additional installation). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The indicator highlights not only the complete figure, but also the time of its formation. During the formation the f
30 USD
Harmonic ABCD
Harmonic ABCD
Sergey Deev
The indicator detects and displays the AB=CD harmonic pattern on the chart according to the scheme provided in the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, does not require additional installation). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The indicator highlights not only the complete figure, but also the time of its formation. During the formation the
30 USD
Harmonic SWAN
Harmonic SWAN
Sergey Deev
The indicator detects and displays the White Swan and Black Swan harmonic pattern on the chart according to the scheme provided in the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, does not require additional installation). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The indicator highlights not only the complete figure, but also the time of its formation. Duri
30 USD
Ichimoku Signals
Ichimoku Signals
Sergey Deev
The indicator displays crossing of Tenkan-Sen and Kijun-Sen lines of the standard Ichimoku Kinko Hyo indicator. A buy signal is formed when a Tenkan-Sen line crosses a Kijun-Sen one upwards, while both of them are above a Senkou Span A line. A sell signal is formed when a Tenkan-Sen line crosses a Kijun-Sen one downwards, while both of them are below a Senkou Span A line. Also, a stop loss level on Senkou Span B line is specified. An additional filtration based on the higher time interval is use
30 USD
Harmonic Shark
Harmonic Shark
Sergey Deev
The indicator detects and displays Shark harmonic pattern (see the screenshot). The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by a pop-up window, a mobile notification and an email. The indicator highlights the process of the pattern formation and not just the complete pattern. In the former case, it is displayed in the contour triangles. After the pattern is comple
30 USD
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版本 1.4 2018.04.06
Added display of renko bar wicks