AutoFibAutoTrend_Zigzag2_R - MetaTrader 5 Script - MT4/MT5 Resources
This indicator plots price channels and Fibonacci levels based on the latest data Zigzag2_R_Color Peaks.
This indicator requires the compiled Zigzag2_R_Color.mq5 indicator file. Place it in <terminal data folder>\MQL5\Indicators.
Figure 1. AutoFibAutoTrend_Zigzag2_R
Attachment download
📎 zigzag2_r_color.mq5 (22.36 KB)
📎 autofibautotrend_zigzag2_r.mq5 (31.21 KB)
Source: MQL5 #16708
AutoFibAutoTrend_Zigzag2_R - MetaTrader 5 script usage and filtering suggestions
AutoFibAutoTrend_Zigzag2_R - 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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