Zig Zag Breakout1
From the Old Kings archive: Zig Zag Breakout1, an indicator for MetaTrader 4. Its name points to the ZigZag swing tracer. It draws arrows on the chart. It has 5 settings, for example barn (default 250), Length Input (default 6) and delaymin (default 60). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Zig Zag Breakout1
Zig Zag Breakout1 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as Barn, Length input and Delaymin. MQL source code included.
Files in the download: Zig_Zag_Breakout1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Barn | 250 | |
| Length input | 6 | |
| Delaymin | 60 | |
| N symbol hi | 242 | |
| N symbol low | 241 |
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: Breakout · ZigZag · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code