ZZ Level Indicator (Indicators MT5)
ZZ Level Indicator (Indicators MT5) is an indicator for MetaTrader 5 from the Old Kings collection. It has 13 settings, for example Total Points (default 15), Touch Num (default 3) and Deviation (default 10). 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 (.mq5) you can open and edit in MetaEditor and a PDF guide. 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 · MT5 · v1.0 · Free
About ZZ Level Indicator (Indicators MT5)
ZZ Level Indicator (Indicators MT5) is an indicator for MetaTrader 5. It has 13 settings, such as Total points, Touch num and Deviation. MQL source code included.
Files in the download: ZZ .mq5, Installation Tutorial (MT4 - MT5) .pdf, ZZ Level Indicator (instructions) .pdf, Como Instalar indicatores no MetaTrader .pdf, Indicador de Nível ZZ (instruções) .pdf, Cómo instalar indicadores en MetaTrader.pdf, Indicador de Nivel ZZ (instrucciones) .pdf.
Settings
| Setting | Default | What it does |
|---|---|---|
| Total points | 15 | Number of ZZ points analyzed |
| Touch num | 3 | Number of times the price touches the level |
| Deviation | 10 | High/low max. deviation around level |
| Retracement | 10 | Typical retracement size |
| Scale mn | 700 | Typical retracement size for MN |
| Scale w1 | 600 | Typical retracement size for W1 |
| Scale d1 | 400 | Typical retracement size for D1 |
| Scale h4 | 200 | Typical retracement size for H4 |
| Scale h1 | 100 | Typical retracement size for H1 |
| Scale m30 | 030 | Typical retracement size for M30 |
| Scale m15 | 030 | Typical retracement size for M15 |
| Scale m5 | 020 | Typical retracement size for M5 |
| Scale m1 | 010 | Typical retracement size for M1 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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: MT5 Indicator · MQL5 Source Code