Zigzag2_R_channel_System - MetaTrader 5 Script - MT4/MT5 Resources
This indicator implements a breakout system using the Zigzag2_R_Channel Indicator Channel and generates alerts that send push and email notifications when the price breaks out of the channel drawn by the Zigzag Peak.
When price exits the gray channel, the candlestick color will change to the color corresponding to the direction of the trend. Green represents the growth of financial assets, and pink represents the decline of financial assets. Bright colors indicate that the trend direction is in line with the direction of the candlestick. Dark colors correspond to situations where the candlestick direction is opposite to the trend.
When using this indicator, remember that the source ZigZag whose peaks are used to build the channel is a repaint indicator.
Figure 1.Zigzag2_R_channel
Attachment download
📎 zigzag2_r_channel_system.mq5 (48.85 KB)
Source: MQL5 #18939
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