ZigZag WaveSize - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

Code adaptation for MetaTrader 5

Optimize work with graphics objects

level at extreme value

Select level type: Horizontal/Beam/Section

Level filter (not ruined by price)

Breakout Buffer: Set sensitivity to false breakouts

Label customization and functionality: quantity, appearance, removal of old labels

Burst of Structure Alert (BoS)

Sport Mode Change Alert (ChoCH)

Fix extreme value update logic

Dynamic updates of new objects

Reduce load when bars appear

Centralized labeling system

Fix array overflow problem

Correct positioning of labels

Removed duplicate parameters

Adaptive CCI - a Commodity Channel Index that dynamically adjusts upper and lower bounds based on market fluctuations. Eliminating fixed thresholds (such as 100/-100) by using EMA smoothed peaks and troughs provides a more reliable overbought/oversold signal tailored to each asset's current volatility. Great for identifying high probability reversal points with adaptive confirmation levels.

Logify is a logging library for MQL designed to simplify debugging, tracking and monitoring of EAs and indicators. It provides structured, customizable and organized logging directly on the chart or terminal, and supports log levels, flexible formats and multiple handlers. A lightweight and elegant solution that can be easily integrated into your MQL project.

Fractals with CCI Filter - An indicator that combines traditional fractals with CCI filters to reduce false signals. When CCI is above the configured threshold, a red arrow for a bullish fractal (sell) is displayed above the candle; when CCI is below the negative threshold, a green arrow for a bearish fractal (buy) is displayed below the candle. Excellent for identifying reversal points with higher reliability.

Provides the simplest class to write CSV files

Attachment download

📎 zigzag_wavesize.mq5 (107.95 KB)

Source: MQL5 #62147