Simple ZigZag - MetaTrader 5 Script - MQL5 #11419 - MT4/MT5 Resources
Another zigzag version with a simple code that correctly determines the peak value.
Attachment download
📎 simplezigzag.mq5 (7.56 KB)
Source: MQL5 #11419
Simple ZigZag - MetaTrader 5 Script - MQL5 #11419 Usage and Filtering Advice
Simple ZigZag - MetaTrader 5 Script - MQL5 #11419 is a resource related to trading scripts. 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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