Zig Zag On Parabolic
From the Old Kings archive: Zig Zag On Parabolic, an indicator for MetaTrader 4. Its name points to the ZigZag swing tracer and Parabolic SAR. In the code it works with 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). 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 · v1.0 · Free
About Zig Zag On Parabolic
Zig Zag On Parabolic 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: 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