ZigZag on Fractal - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Zigzags on fractals use fractals (iFractal, Fractal) as reference peaks. Here, the following rule applies: If the latest peak was built on a downward fractal, and the currently detected downward fractal is lower, the zigzag will move downward to the currently detected peak:
Use in trading - two opposite methods:
The trading strategy for each symbol and each time frame must be selected individually.
Important information about using it in EA: ZigZag indicator on fractals , ZigZag values are stored in buffer number "0"; the value in buffer number "0" can be EMPTY_VALUE or the actual price.
Attachment download
📎 zigzag_on_fractals.mq5 (13.91 KB)
Source: MQL5 #20524
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