Zig Zag Signal
This Old Kings indicator for MetaTrader 4 is called Zig Zag Signal. Its name points to the ZigZag swing tracer and buy / sell signals on the chart. It draws arrows on the chart and can send alerts. It has 8 settings, for example Depth (default 62), Deviation (default 15) and Backstep (default 9). 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 Signal
Zig Zag Signal is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: ZigZagSignal.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 62 | Depth |
| Deviation | 15 | Deviation |
| Backstep | 9 | Backstep |
| Alerts | Yes | Display Alerts / Messages (Yes) or (No) |
| Email alert | No | Email Alert (Yes) or (No) |
| Alertonbar | 3 | Alert On Bar after Limit |
| Sendnotify | No | Send Notification (Yes) or (No) |
| Displayinfo | Yes | Display Trade Info |
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 · Alerts · MT4 Indicator · MQL4 Source Code