Technical Indicators for MetaTrader 4

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MetaTrader 4

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ZigZag Mini Extra

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Information

Indicators
MetaTrader 4
Aleksandr Martynov
1.2
9

Overview

Not a logical continuation of the ZigZag indicator series is an indicator cut to an absolute minimum.

An important property of this indicator is that it will never redraw the value of a completed bar.

Based on previous indicator algorithms, e.g. (https://www.mql5.com/ru/market/product/37975).

Parameters:

Depth - is depth of search of a local extremum in bars;

On minute calc - is switching ON/OFF of calculation on minute bar (it is switched off - calculation on each tic).

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