Forex Fractal Zig Zag No Repaint Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Fractal Zig Zag No Repaint Indicator. Judging by its name, it is built around Bill Williams fractals (swing highs / lows) and the ZigZag swing tracer. In the code it works with ZigZag. It draws arrows on the chart. It has 6 settings, for example Calculate On Bar Close (default true), ZZDepth (default 12) and ZZDev (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files 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 Fractal Zig Zag No Repaint Indicator
Forex Fractal Zig Zag No Repaint Indicator is an indicator for MetaTrader 4 based on ZigZag. It draws buy and sell arrows on the chart. It has 6 settings, such as Calculate on bar close, Zz depth and Zz dev. MQL source code included.
Files in the download: FractalZigZagNoRepaint.mq4, installation manual.txt, ZigZag.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Calculate on bar close | true | |
| Zz depth | 12 | |
| Zz dev | 5 | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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 · Fractals · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code