AutoFibAutoTrend_NRTR_ZigZag – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Real author: zzuegg

    The indicator plots price channel and Fibonacci levels based on the latest NRTR_ZigZag peaks.

    Indicator input parameters

    //+------------------------------------------------+ 
    //|  Indicator input parameters                    |
    //+------------------------------------------------+ 
    //---- Input parameters of the ZigZag
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // ZigZag indicator timeframe for calculation
    input uint iPeriod=10;                                 // Indicator period
    input int iDig=0;                                      // Digits
    //---- Indicator display settings
    input string Sirname="AutoFibAutoTrend_NRTR_ZigZag";  // Name for the indicator labels
    input bool ShowFib=true;
    input color FibColor=clrDodgerBlue;
    input uint   FibSize=1;
    //----
    input bool ShowFibFan=true;
    input color FibFanColor=clrDarkViolet;
    input uint FibFanSize=1;
    //----
    input bool ShowTrend=true;
    input color TrendColor=clrDeepPink;
    input uint TrendSize=5;
    

    The indicator requires compiled NRTR_ZigZag.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.

    Fig1. The AutoFibAutoTrend_NRTR_ZigZag indicator

    Fig1. The AutoFibAutoTrend_NRTR_ZigZag indicator

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window