MA Zigzag Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Another ZigZag trend indicator based on the extreme points of the SMA indicator. It connects the high price at the highest point of the SMA indicator with the low price at the lowest point. In the main chart window, uptrend lines are red and downtrend lines are blue. The SMA period can optionally be used as an input parameter.
MA(44) Zigzag trend
Attachment download
📎 ma_zigzag_trend.mq5 (3.99 KB)
Source: MQL5 #18805
MA Zigzag Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
MA Zigzag Trend - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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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