Forex Zig Zag Orlova Indicator
Forex Zig Zag Orlova Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is the ZigZag swing tracer. Its source code uses ZigZag. It has 5 settings, for example Min Ratio (default 0.33), Min Points (default 20) and Force Points (default 50). 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 Orlova Indicator
Forex Zig Zag Orlova Indicator is an indicator for MetaTrader 4 based on ZigZag. It has 5 settings, such as Min ratio, Min points and Force points. MQL source code included.
Files in the download: installation manual.txt, ZZ_Orlova.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Min ratio | 0.33 | |
| Min points | 20 | |
| Force points | 50 | |
| By close | False | |
| History | 5000 |
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 · MT4 Indicator · MQL4 Source Code