ZigZag Step Points - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
Update: Added the ability to output information to a file.
Another version of ZigZag where the step size for changing the direction of a line segment is set in price points.
This version has additional options that can be enabled:
Indicator settings allow you to choose colors and more for each zigzag element.
Showing a pure zigzag:
Zigzag with horizontal display enabled:
ZigZag with all additional features enabled (levels + wavelength points):
Attachment download
📎ZigZagStepPoints.mq4 (32.71 KB)
Source: MQL5 #54067
ZigZag Step Point - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
ZigZag Step Point - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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