Trading signals module based on Delta ZigZag indicator - MetaTrader 5 library - MT4/MT5 resources
When the price breaks the indicator's horizontal line from bottom to top, assuming that the downtrend has been replaced by an uptrend, the module displays a buy signal.
When the price breaks the horizontal line of the indicator from top to bottom, assuming that the uptrend has been replaced by a downtrend, the module displays a sell signal.
Module input parameters:
In addition to the indicator parameters, you can also set the absolute value of the generated forecasts (trends).
Attachment download
📎 signaldeltazz.mqh (7.79 KB)
📎 deltazigzag.mq5 (10.69 KB)
📎 test_signaldeltazz.mq5 (7.56 KB)
Source: MQL5 #11709
Trading signals module based on Delta ZigZag indicator - MetaTrader 5 library usage and screening recommendations
Trading signals module based on Delta ZigZag indicator - MetaTrader 5 library 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 on titles or short-term profit descriptions.
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