Forex Channel Zig Zag Indicator
Forex Channel Zig Zag Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around the ZigZag swing tracer and price channels. Its source code uses moving averages. It has 10 settings, for example 1 (default , ), Smooth Period (default 1) and 2 (default , ). 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 Forex Channel Zig Zag Indicator
Forex Channel Zig Zag Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 10 settings, such as 1, Smooth period and 2. MQL source code included.
Files in the download: Channel_ZZ.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| 1 | , | |
| Smooth period | 1 | Period or timeframe used by the calculation |
| 2 | , | |
| Channel width | 150 | |
| 3 | ||
| Font size | 10 | |
| 4 | ||
| Font name | Arial Black | |
| 5 | false | |
| Draw channel | true |
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 · Channels & Envelopes · Moving Average · MT4 Indicator · MQL4 Source Code