SuperZigZag - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The ZigZag indicator draws rays, thus showing "significant" movement.
The mode parameter is the indicator working mode:
Without redrawing, if an upward ray occurs, then the last downward ray will not change its low extremum. And there is an extreme value where the upward ray will update its high .
Attachment download
📎 superzigzag.mq5 (6.39 KB)
Source: MQL5 #1165
SuperZigZag - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
SuperZigZag - 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 only on titles or short-term profit descriptions.
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