Create a simple zigzag based indicator

MQL5 지표

작업 종료됨

실행 시간 59 일

명시

Settings

- ATR Period

- ATR Multiplier 

- Show Fractals

- Show Zigzag

- Show Break Level


Every Swing Length in the Zigzag Indicator must be greater than the Minimum Swing Length


Minimum Swing Length = ATR x Multiplier  



If Last Swing is Bearish,

Break Level = Last Low Point's Price + (ATR x Multiplier) 


Last Low Point would keep extending 


If Last Swing Is Bullish,

Break Level = Last High Point's Price - (ATR x Multiplier)


Fractals to be drawn in between 2 swings legs not just the current pullback


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