Double ZigZag (No Repaint) - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources
The indicator is very simple: it displays the signals triggered using two different ZigZag indicators (fast and slow) without any filtering.
It never repaints past signals, so it is useful for studying the true behavior of the ZigZag indicator as a trading tool over time.
As you can see, the ZigZag indicator repaints many signals over time. Fractals have been used to reduce the number of highs and lows drawn.
This depends on the original MetaQuotes ZigZag indicator - shipped with it.
suggestion:
Color convention:
Input parameters:
Attachment download
📎 DoubleZigZagNoRepaint.mq4 (9.81 KB)
📎ZigZag.mq4 (6.28 KB)
Source: MQL5 #10650
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