DT Zig Zag Lauer
From the Old Kings archive: DT Zig Zag Lauer, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the ZigZag swing tracer. In the code it works with ZigZag. It draws arrows on the chart and can send alerts. It has 2 settings, for example depth (default 5) and Gross Period (default 240). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About DT Zig Zag Lauer
DT Zig Zag Lauer is an indicator for MetaTrader 4 based on ZigZag. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 2 settings, such as Depth and Gross period. MQL source code included.
Files in the download: DT-ZigZag-Lauer.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 5 | |
| Gross period | 240 | Period or timeframe used by the calculation |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: ZigZag · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code