Forex Zig Zag Arrow Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Zig Zag Arrow Indicator. Its name points to the ZigZag swing tracer and buy / sell signals on the chart. It draws arrows on the chart. It has 5 settings, for example Depth (default 12), Deviation (default 5) and Backstep (default 3). 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 Zig Zag Arrow Indicator
Forex Zig Zag Arrow Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: installation manual.txt, zigzagarrow.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 12 | Depth |
| Deviation | 5 | Deviation |
| Backstep | 3 | Backstep |
| Arrow up | clrBlue | Color for Arrow Up |
| Arrow down | clrRed | Color for Arrow Down |
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 · MT4 Indicator · MQL4 Source Code