Forex Zig Zag Signal Indicator
From the Old Kings archive: Forex Zig Zag Signal Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around the ZigZag swing tracer and buy / sell signals on the chart. In the code it works with ZigZag. It draws arrows on the chart. It has 9 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: 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 Signal Indicator
Forex Zig Zag Signal Indicator is an indicator for MetaTrader 4 based on ZigZag. It draws buy and sell arrows on the chart. It has 9 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: installation manual.txt, zigzag.mq4, zigzagsignal.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 12 | Depth |
| Deviation | 5 | Deviation |
| Backstep | 3 | Backstep |
| Zigzag depft | 4 | |
| Zigzag deviation | 2 | |
| Zigzag backstep | 2 | Distance between orders |
| Min height | 60 | 1- ZigZag() |
| Min height m234 | 1.15 | 2- 1- 3- 4-. |
| Bottom | 0.1 | 2- 1- 1- |
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