ZigZag and Fibonacci - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources
Real Author : This code was originally written by "fukinagashi". Thanks for a great indicator.
The indicator provides ZigZag lines to help indicate spot cycles, and Fibonacci lines to indicate support and resistance levels.
Change: I adjusted the code to remove the very annoying and unnecessary playsound call.
Attachment download
📎 zigzagfibonacci.mq4 (9.79 KB)
Source: MQL5 #17818
Zigzag and Fibonacci - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Zigzag and Fibonacci - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are resources 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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