Zig Zag With Value Bars 4
From the Old Kings archive: Zig Zag With Value Bars 4, an indicator for MetaTrader 4. Judging by its name, it is built around the ZigZag swing tracer. In the code it works with ATR. It has 3 settings, for example Depth (default 12), Deviation (default 5) and Backstep (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 With Value Bars 4
Zig Zag With Value Bars 4 is an indicator for MetaTrader 4 based on ATR. It has 3 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: ZigZagWithValue_Bars.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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 · ATR · MT4 Indicator · MQL4 Source Code