Forex Zig Zag Parabolic Indicator
Forex Zig Zag Parabolic Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to the ZigZag swing tracer and Parabolic SAR. Its source code uses Parabolic SAR. It draws arrows on the chart. It has 4 settings, for example Step (default 0.02), Maximum (default 0.2) and remums Shift (default 1). 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 Zig Zag Parabolic Indicator
Forex Zig Zag Parabolic Indicator is an indicator for MetaTrader 4 based on Parabolic SAR. It draws buy and sell arrows on the chart. It has 4 settings, such as Step, Maximum and Extremums shift. MQL source code included.
Files in the download: installation manual.txt, ZigZagOnParabolic.ex4, ZigZagOnParabolic.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| Extremums shift | 1 | : 0 - ; 1 - |
| History | 0 | - ; 0 - |
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 · Parabolic SAR · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code