ZigZag implementation using an ATR threshold for directional change, as well as a secondary trigger based on time.
Variable input settings include changing:
- The multiplier of the ATR threshold
- Period for ATR calculation
- Minimum and maximum number of bars before allowing or forcing a direction change
- A setting for realtime processing of most current bar (can lead to redrawing)
In effect, the zigzag captures swings in a balanced, dynamic, and adjustable manner making it excellent for zigzag based analyses and trading strategies.
MT5 Indicators – Download Instructions
ATR ZigZag MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
ATR ZigZag MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install ATR ZigZag MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download ATR ZigZag MT5 Indicator.mq5
- Copy ATR ZigZag MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on ATR ZigZag MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ATR ZigZag MT5 Indicator.mq4 is available on your Chart
How to remove ATR ZigZag MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
ATR ZigZag MT5 Indicator (Free Download)
Click here below to download: