Technical Indicators for MetaTrader 4
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MetaTrader 4
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Overview
The proposed indicator is based on the ZigZag Mini Extra indicator (https://www.mql5.com/ru/market/product/42632).
Unlike the prototype can be built at the price of Close or High-Low with the established timeframe.
The prices of the current timeframe will be used when calculating the indicator on the highest timeframes at Close price, .
Indicator parameters:
ZigZag TimeFrame = PERIOD_CURRENT - operating time frame (must be equal or more than current timeframe);
Depth = 12 - depth of local extremum search in bars;
On close calc = false - option of indicator calculation (true - at Close price, false - at High - Low prices);
On minute calc = true - enable/disable calculation on the minute bar (disable - calculation on each tick).
