ZigZag Standalone - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource
This is the MetaTrader 5 version of an indicator that is circulated on the Internet as the Magic Indicator for MetaTrader 4.
It's not a question of whether it's useful (in my opinion, the ZigZag is a useful indicator), but a question of avoiding misuse of the indicator and presenting it as an unwieldy indicator. Although it has a completely different appearance than the ZigZag indicator, it is still a ZigZag indicator as it can also be seen on the parallel display.
PS: Always remember that this is actually a ZigZag indicator - it should not be used in signal mode.
Attachment download
📎 zigzag_7separate4.mq5 (10.1 KB)
Source: MQL5 #20143
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