Forex Non Lag Zig Zag Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Non Lag Zig Zag Indicator. Its name points to the ZigZag swing tracer. In the code it works with moving averages. It has 3 settings, for example Price (default 0), Length (default 100) and Pct Filter (default 2). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Non Lag Zig Zag Indicator
Forex Non Lag Zig Zag Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 3 settings, such as Price, Length and Pct filter. MQL source code included.
Files in the download: installation manual.txt, NonLagZigZag_v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Price | 0 | Apply to Price(0-Close;1-Open;2-High;3-Low;4-Median price;5-Typical price;6-Weighted Close) |
| Length | 100 | Period of NonLagMA |
| Pct filter | 2 | Dynamic filter in decimals |
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 · Moving Average · MT4 Indicator · MQL4 Source Code