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Multi-time framework ZigZag index. displays this support/resistance lines and their breakout, in addition to draws the current marketplace goals. that you can also
display the lines of the Fractals indicator, and candlesticks from other timeframes (around and including the Quarter).

The indicator redraws the final (current) point, and in some instances can alter the last 2-3 points.

This version is just for MT5.

This version is just for MT5.

All lines are attracted by items (not indicator buffers, but it is likely to get data for EA).
when
used in the Expert Advisor, you can read the zigzag points utilizing iCustom. To do this, define the number of points in the very
first parameter.The current (last) point will have an index of 0, the previous one will have an index of 1, etc.

For example :

  • Mode-draw support and resistance levels by:
    • Zig Zag-the ZigZag indicator;
    • ZigZag Close — the closure of the candles;
    • Fractals-the Fractals indicator;
    • High-Low of the period — plotting the indicator based on high-low levels. The timeframe is specified in
      in the Period parameter;
    • Candles only-draw only Candles;
  • Depth — the minimum of candlesticks on which the ZigZag indicator will not build a second maximum (or minimum) if it is less than (or
    more) on the Deviation of the previous one respectively;
  • Deviation — the minimum number of points between the highs/lows of two adjacent candlesticks, in order for the indicator to
    ZigZag formed a local vertex / trough;
  • Backstep is the minimum number of candles between the local maximums/minimums;
  • Period — the period for calculating the Zigzag or Fractals;
  • Max bars to calculate (bars) — the maximum number of bars to calculate. This restriction is made to speed up
    calculations;
  • Show Zigzag — show ZigZag;
  • Show current ZZ-point — redrawing point) – show the current (last) point;
  • Show Price — show the price of the levels;
  • Show Targets — show current goals (where the market is aiming for);
  • Show broken lines to show the broken levels;
  • Extend broken lines — bars) – extend broken lines to the right for a specified number of bars;
  • Show Dot at the start of the line to show the points on the broken indicator;
  • Pop up alerts — a pop-up message when you touch a level;
  • Push notifications — Push notification;
  • E-mail notifications-notification by e-mail;
  • Sound alert — sound alert when you touch a level;
  • Alert when “Line breakout” – alert when the zigzag level is broken;
  • Alert when “Changing the ZigZag direction” – alert when the zigzag direction changes;
  • Alert when “Price is near the line” – alert if the price is near the level (once per bar, the current zigzag point is not
    checked);
  • Distance to the line for alert (points) — distance for the alert (in points);
  • Upper line color — the color of the upper lines;
  • Lower line color — the color of the lower lines;
  • Main line width — the thickness of the main line;
  • Main line style — the style of the main line;
  • Used line width — the thickness of the used line;
  • Used line style — the style of the used line;
  • Price Font size — the font size for Prices;
  • Font dot size — the font size for Points;
  • ZigZag color — the color of the zigzag;
  • ZigZag width — the thickness of the ZIGZAG lines;
  • ZigZag style — the style of the ZIGZAG lines;
  • Display candles-enable the display of candles from other periods;
  • Candles period — the period for candles, all standard plus a Quarter;
  • Number of Candles in the past — the number of candles on the chart;
  • Shadow color — the color of the candle shadow;
  • Body color (bullish) — the color of bullish candlestick’s body;
  • Body color (bearish) — the body color of a bearish candle;
  • Save points to global variables-save points to Global Variables of the terminal;
  • Number of points to be stored — the number of points to be stored (the current point is zero);
  • Prefix global variables-prefix for the names of Global Variables.
Read More...

  • Zig Zag-the ZigZag indicator;
  • ZigZag Close — the closure of the candles;
  • Fractals-the Fractals indicator;
  • High-Low of the period — plotting the indicator based on high-low levels. The timeframe is specified in
    in the Period parameter;
  • Candles only-draw only Candles;

    Our Useful Features & Services

    Published

    28 March 2017

    Updated

    08 June 2020

    Current Version

    4.0

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    Tarun Chaudhry January 20, 2021 5:52 am
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    The product does exactly what it says.
    It does it very well. Happy with it.
    The options are satisfactory.
    The author is very helpful.
    I can happily recommend.

    Revilo2200 January 20, 2021 5:47 am
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    Love it

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