Trend Zigzag (MA Crossover) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This is a static zigzag connecting the intersection of two moving averages. Here is another way to analyze moving averages.
When the fast period moving average crosses above the slow period moving average, it is a buy signal, and when the fast period moving average crosses below the slow period moving average, it is a sell signal. The zigzag will form a green leg at the bullish crossover and start a red leg at the next bearish crossover.
Since zigzag is static, it should be read in some way:
The formation of a downward red leg is a buy signal because the next leg will be green.
The formation of u pwards facing the green leg is a sell signal because the next leg will be red.
Retreat is used to help the zigzag legs become effective and eliminate the noise to which moving averages are naturally subject. It's up to you which moving average period works best. This is an experimental indicator with a new zigzag structure and organized by enumeration loops.
Attachment download
📎 zigzag_on_macross.mq5 (11.62 KB)
Source: MQL5 #57302
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