SimpleZZ - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator plots a simple ZigZag on the price chart, you only need to specify the step value. A breakpoint is added when the length of the leg (step) of the zigzag adjustment is exceeded.
The indicator offers two possible options to specify the steps:
This indicator has two input parameters:
Figure 1 H4, number of step points: 800 points
Figure 2 H4, step size percentage: 50%
Attachment download
📎 simplezz.mq5 (14.8 KB)
Source: MQL5 #20055
SimpleZZ - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
SimpleZZ - 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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