Parabolic ZigZag - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator is constructed based on the ZigZag Parabolic SAR indicator. This is an advanced version of ZigZag that marks extreme values on the chart with even less latency. A standard zigzag looks for a new extreme value following the percentage deviation of price from the previous extreme value. This new indicator tracks price crosses with the Parabolic SAR.
Input parameters:
Attachment download
📎 zigzagonparabolic.mq5 (8.48 KB)
Source: MQL5 #526
Parabolic ZigZag - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Parabolic ZigZag - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are related to foreign exchange indicators. 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 only on titles or short-term profit descriptions.
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