Zigzag2_R_Color – indicator for MetaTrader 5

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

    MetaQuotes Software Corp.

    The standard indicator Zigzag.mq4 used the DRAW_SECTION style for plotting. This style allows to draw segments only between the points located on different bars. The DRAW_ZIGZAG drawing style allows to remove this limitation. For this purpose, two buffers are used instead of one. The Zigzag2_R_color.mq5 has been developed to illustrate this style. Added handling of the outside bar to the code, when the High of the current bar is higher than previous ones, and the Low of the current bar is lower than previous ones.

    Originally this indicator has been written in MQL4 and was first published in the Code Base on 25.01.2007.

    Fig1. The Zigzag2_R_Color indicator

    Get E-Book Worth $100 for Free!!!

    Fig1. The Zigzag2_R_Color 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
  • 0/5 (0 Reviews)