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ZigZagus Parabolicus MT4

This indicator significantly expands the capabilities of the usual ZigZag due to the addition of parabolic channels at the earliest stage of their inception.

Download the demo version and test it in the tester. All graphics in the tester are working.

But the ZigZag algorithm is special here, because it is implemented on a unique author's ultrafast loop-less algorithm for calculating parabolic regression and calculating its standard deviation.

The features of this ZigZag are:
  • Fast calculation, regardless of the period. Therefore, the gain in speed is especially felt at higher periods.
  • Two parameters instead of three: the period of parabolic regression and the coefficient of increase in the value of the standard deviation (the width of the parabolic channel)
  • High adaptability to flat and trend
For the convenience of operating the indicator, a new intuitive interface has been developed, also designed for screens with touch control.

The simplest test strategy with displaying the Balance chart and displaying deals on the screen is also implemented. Green circle - Buy. Red circle - Sell. The price is strictly in the center of the circle.
This strategy opens a sell trade if the newly formed parabolic channel "looks" down, and a buy trade if up. The spread is taken into account based on the last spread when the indicator was loaded.

If this indicator is in demand, the strategies will expand.

Please report any errors you find, they will be promptly eliminated.

In the future, a button will be added to Auto adjust the best parameters.



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BeeXXI Corporation
5 (2)
Ultra-fast recognition of parabolic channels (as well as linear, horizontal and wavy channels) throughout the depth of history, creating a hierarchy of channels. Required setting: Max bars in chart: Unlimited This indicator is designed primarily for algorithmic trading, but can also be used for manual trading.  This indicator will have a very active evolution in the near future and detailed descriptions on how to apply to create robots
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Version 1.5 2020.12.05
- Fixed some bugs.
- Changed strategy algorithm. The deal is now being opened:
- buy - from the lower border of the channel, if the parabola is ascending
- sell - from the upper border of the channel, if the parabola is descending
Version 1.3 2020.12.05
Fixed a bug when the bottom button was not visible when the window was resized.
Version 1.2 2020.12.05
- Added the last parabola that redraws.