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Elite Section Get access to private discussions, specialized support, indicators … ZigZag_Separate.mq4 (4.1 KB, 2046 views) ZigZag.mq4 (4.1 KB, 1574 views) #
This page is a list of indicator files displayed in MetaTrader4 (MT4). When the … Average Day Range v1.0.mq4. FractalVolty_v1.mq4. MarketHour.mq4. Zee Zee i.mq4. ZigZag_Separate …
ZigZag_Separate.mq4. ZigZag1.mq4. ZigZagFirst.mq4. ZZZ.mq4. Price: any one indicator 100$, all indicators 400$ Successful work to you !
and click on “Custom Indicators” . Zig Zag is there. If can’t find it the formula is: /*[[Name := ZigZag Separate Window := No First Color := Blue
Binary Options Indicators – Download Instructions
ZigZag Separate is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
ZigZag Separate provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install ZigZag Separate.mq4?
- Download ZigZag Separate.mq4
- Copy ZigZag Separate.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on ZigZag Separate.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator ZigZag Separate.mq4 is available on your Chart
How to remove ZigZag Separate.mq4 from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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Click here below to download the Binary Options Indicators:
Binary Options Strategy – The Zig-Zag Indicator
When looking at indicators that follow trends and those that are used in „wave analysis“, the Zig-Zag indicator is one that comes to mind. It works on excluding fluctuations over the short term and measures trend retracement. So how does it work with binary options?
This specific indicator looks at long term reversal while ensuring that the price fluctuations that occur over the short term as not acted on in error. The Zig-Zag indicator is supposed to change its direction as and when the assets it is based on changes direction and moves upwards of a specific set amount. This forms the classic zig-zag pattern as it shows a series of lines zigging and zagging in the chart. This indicator is often used when trading various assets and is a coincident indicator when applied to wave analysis.
This indicator is more of a backwards looking indicator and relies on a relatively large movement before any change is visible, so it does not work well when trading over the short term (on short timeframes).
So how does it work exactly?
There are various charts used when calculating the zig-zag line. These include mountain, dot and line charts based on prices that assets close at. This means the zig-zag line is based on closing prices in the same way. OHLC, candlesticks and other charts tend to show high/low ranges of assets which makes a zig-zag line based on this range more sensitive when prices move as opposed to those that work on the close price only as low to high tends to be a larger range than close to close.
This indicator would need to be set as a percentage or a specific amount of a currency such as dollars. A percentage works better than a currency variance so it does not need constant adjustment for the assets depreciations and appreciations. The lines would need to be drawn from the peak of the high to the troughs lowest point or the opposite way around depending on flow. Once the line moves in the specific direction, it will stay that way until the price moves in the opposite direction by the specified percentage or value. The last line in the series could change if the price of the asset changes as it isn’t set.
+ and – of this trading strategy
This indicator is specifically for following trends and is a valid indicator to measure movement over a longer period while allowing you to negate the fluctuations that occur over a short term period. It is easy to analyse and formulate. The zig-zag goes up, the asset trend is up, the zig-zag arrows down, the asset trend is downwards. This indicator is not great for providing signals as an asset needs to make a big movement in either direction before there is any potential signal, which could be too late to make use of it.
The zig-zag indicator is best used as a tool for binary trades but not used exclusively for entering the market. Short term direction is not forthcoming with this tool, it is more backwards looking. It works well as a coincident indicator and as a trend follower. When you analyse the zig-zag, it gives a clear trend indication which can help you to determine trend direction. Use it with a value or a percentage base to get an idea of its functionality.
Multiple ZigZags in a single window – indicator for MetaTrader 4
For the fans of ZigZag: a small indicator that draws multiple ZigZags from different timeframes on one timeframe. Four ZigZags are implemented (H1, H4, D1, W1). The timeframe should be selected as the minimal of the displayed ones, i.e. here it is H1. On all other timeframes it is drawn incorrectly, there are no timeframe checks.
Almost the same is present in ZUP by nen (DT mode). I decided to make a separate indicator to demonstrate the algorithm itself, which allows to display the indicators from other timeframes on the current one. Please note the checks in the start() function: they are required for the correct display of the «other» ZigZags, to make sure there are no plateaus near their extremums.
The ZigZag edited by Rosh is also attached. The code is not large, so replacing this ZigZag with other is not difficult. For that it is enough to make changes to the external parameters and to the ZZ() function: all the ZigZag parameters are «hidden» within function. If the parameters need to be changed depending on the timeframe, it will be a little more difficult, but not daunting.
The ZigZag colors correspond to the rainbow colors in ascending order («Richard Of York Gave Battle In Vain»): red – H1, orange (here – Goldenrod) – H4, green – D1, blue – W1.
Multiple ZigZags in a single window
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7223
Small indicator for monitoring the history of closed and the status of open orders on the chart. Red – unprofitable order, green – profitable.
Belongs to the Pivot group.
The script helps to perform the visual analysis of multiple currency pairs on a custom time frame.
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