AlexSTAL_ZigZagProf_channel - MetaTrader 5 Script - MT4/MT5 Resources
Real author : Alex Starr
Peak and trough based channel AlexSTAL_ZigZagProf .
To provide correct compilation of indicators, add AlexSTAL_OutsideBar.mqh library to
Figure 1. AlexSTAL_ZigZagProf_channel indicator
Attachment download
📎alexstal_outsidebar.mqh (11.54 KB)
📎 alexstal_zigzagprof_channel.mq5 (50.54 KB)
Source: MQL5 #18795
AlexSTAL_ZigZagProf_channel - MetaTrader 5 script usage and filtering suggestions
AlexSTAL_ZigZagProf_channel - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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