ZigZag based on fractals on larger timeframes - MetaTrader 5 Script - MT4/MT5 Resources
ZigZag is based on fractals taking into account the larger time range of the VininI_FractalsTrend indicator data. Apart from the possibility to select a time frame, this indicator has no other input parameters.
Place the VininI_FractalsTrend compiled file into terminal_data_folder\MQL5\Indicators.
Attachment download
📎 vinini_fractalstrend.mq5 (8.83 KB)
📎 vinini_fractalstrend_mtf.mq5 (8.32 KB)
Source: MQL5 #705
ZigZag based on fractals on larger time frames - MetaTrader 5 script usage and filtering recommendations
ZigZag - MetaTrader 5 script based on fractals on larger time frames 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 only on titles or short-term profit descriptions.
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