RatioZigZag - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
A modification of the ZigZag indicator in which the moment of reversal is determined not by a fixed percentage, but by a specified ratio of the current price to the last local extreme.
Attachment download
📎 RatioZigZag.mq4 (20.39 KB)
Source: MQL5 #68620
RatioZigZag - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
RatioZigZag - MetaTrader 4 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 on titles or short-term profit descriptions.
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