Candle ZigZag - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource
A candle zigzag is an indicator whose legs change if the color of the candlestick changes
It supports Cycle 1, while the default ZigZag in the examples folder does not work with Cycle 1.
It helps traders analyze charts in a flat mode, unlike line charts with price movement curves. Off mode can be enabled or disabled.
Line chart ZigZag with candles (closing pattern = true)
Attachment download
📎 candle_zigzag.mq5 (5.22 KB)
Source: MQL5 #47743
Candle ZigZag - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Candle ZigZag - MetaTrader 5 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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