Forex Zig Zag Fibo V2 Indicator
Forex Zig Zag Fibo V2 Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Fibonacci retracement or extension levels and the ZigZag swing tracer. This copy is version 2. It can send alerts. It has 3 settings, for example Depth (default 12), Deviation (default 5) and Backstep (default 3). 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 · v2 · Free
About Forex Zig Zag Fibo V2 Indicator
Forex Zig Zag Fibo V2 Indicator is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 3 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: installation manual.txt, ZigZag_Fibo_v2beta.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| 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: Fibonacci · ZigZag · Alerts · MT4 Indicator · MQL4 Source Code