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Dynamic Zigzag Levels

5

The indicator displays two nearest levels in real time. The one above the current BID price is a resistance level. The one below the current BID price is a support level.

The levels are calculated by the standard ZigZag indicator.


Application

The indicator can be used as an assistant in manual trading to obtain data on the nearest support/resistance levels.

The indicator can be used on any timeframe.

When a displayed level is touched or broken through, an audio alert is triggered (specified in the settings).


Settings

  • The period of history to calculate = 500 - history period, within which the levels (in bars) are searched for
  • Depth - the setting indicator zigzag = 12 - ZigZag indicator parameter
  • Deviation - the setting indicator zigzag = 5 - ZigZag indicator parameter
  • Backstep - the setting indicator zigzag = 3 - ZigZag indicator parameter
  • The color of the line Up = SteelBlue - Up line color
  • The color of the line Dn = SteelBlue - Dn line color
  • The thickness for lines of the levels
  • The thickness for points of the levels
  • An audible signal to the level crossing = false - enable the level crossing audio alert
  • Sound File = "alert.wav" - select a sound file for the audio alert
Comentarios 1
ZJYY9788
160
ZJYY9788 2020.08.09 13:39 
 

This is an awesome indicator, one of a kind actually, I've been looking everywhere for it and now I found it. Thank you so much!

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5 (2)
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Afsal Meerankutty
4.93 (15)
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5 (3)
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- Real price is 80$ - 40% Discount (It is 49$ now) - Lifetime update free Contact me for instruction, add group and any questions! Related Products:  Bitcoin Expert , Gold Expert - Non-repaint - I just sell my products in Elif Kaya profile, any other websites are stolen old versions, So no any new updates or support. Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is design
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ACTUALMENTE 26% DE DESCUENTO ¡La mejor solución para cualquier operador novato o experto! Este indicador es una herramienta única, de alta calidad y asequible porque hemos incorporado una serie de características propias y una nueva fórmula. ¡Con sólo UN gráfico puede leer la Fuerza de la Divisa para 28 pares de Divisas! Imagínese cómo mejorará su operativa porque podrá señalar el punto exacto de activación de una nueva tendencia o de una oportunidad de scalping. Manual del usuario: haga cli
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Script Deleting the Hunter The script is developed for fast deletion of pending orders, Up and Dn border lines, as well as arrows (symbols) which appear when an order is placed. Features: Can delete all pending orders of the current chart in one go Can delete all pending orders of the current account in one go Can delete only those orders which have specified magic number Can delete lines which show the channel's border, support and resistance levels marked Up and Dn Can delete all arrows (symb
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Purpose The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy. It works with any symbols located in the Market Watch window of the MT4: currencies, metals, indexes, etc. The number of instruments can be limited by capacity of the МТ4's parameters. But if desired, you can create several windows with various set of instruments and parameters. Operation Principle The indicator uses the modified Triple Screen Strategy for determining trend direction in the
Hunter on the channel breakout Bot The Expert Advisor places the necessary amount of BuyStop and SellStop pending orders with predefined StopLoss and TakeProfit levels at the specified time daily. The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined distance from the channel borders. The distance is set in the per
This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot. The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1 ). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows
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A dealer with simple logic of opening orders and reliable closing control for advanced. The input signal is determined by only one indicator. Closing occurs on target profit. When drawdring first orders, the following appears. Maximum number of orders - no more than three in each direction. Settings for configuration: ----------- Trade Settings ----------- Quantity Lot 1 - the size of the first transaction Quantity Lot 2 - the size of the second transaction in the series Quantity Lot 3
This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot. The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1 ). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows
Purpose The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy. It works with any symbols located in the Market Watch window of the MT5: currencies, metals, indexes, etc. The number of instruments can be limited by capacity of the МТ5's parameters. But if desired, you can create several windows with various set of instruments and parameters. Operation Principle The indicator uses the modified Triple Screen Strategy for determining trend direction in the
A dealer with simple logic of opening orders and reliable closing control for advanced. The input signal is determined by only one indicator. Closing occurs on target profit. When drawdring first orders, the following appears. Maximum number of orders - no more than three in each direction. Settings for configuration: ----------- Trade Settings ----------- Quantity Lot 1 - the size of the first transaction Quantity Lot 2 - the size of the second transaction in the series Quantity Lot 3
The robot uses the logic of triangular arbitration. To work it, you need to choose a triangle of currency pairs, for example EURUSD_GBPUSD_EURGBP. The robot compares the basic cross-pair with its artificial analogue and trades towards the lag of quotations. The lag is calculated for each of the three currency pairs. The difference in quotations (spread) can be set in the settings. The adviser is multi currency, as it can trade at once with several triangles of currency pairs. The list of cross-
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ZJYY9788 2020.08.09 13:39 
 

This is an awesome indicator, one of a kind actually, I've been looking everywhere for it and now I found it. Thank you so much!

Respuesta al comentario
Versión 1.11 2021.08.12
Added the ability to increase the thickness of the lines - new items in the settings:
- The thickness for lines of the levels,
- The thickness for points of the levels.
Versión 1.10 2016.05.06
A new parameter in the indicator settings:
- use the latest floating point of the ZigZag indicator (Yes/No)?