ZigZag on Fractals uses fractals (iFractals, Fractals) as reference peaks. Here, the following rule is applied: Where the latest peak was built on the DOWN-fractal and the current DOWN-fractal detected is lower, then the ZigZag will be moved down to the current peak detected:
Use in trading – the two methods opposed:
- Trading in the direction of the latest peak;
- Trading in the direction opposite to the latest peak.
Trading strategies for each symbol and each timeframe must be chosen individually.
Important information on using it in an EA: In the ZigZag on Fractals indicator, the zigzag value is stored in buffer No. “0”; the values in buffer No. “0” may be EITHER EMPTY_VALUE or the actual price.
MT5 Indicators – Download Instructions
ZigZag on Fractals MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
ZigZag on Fractals 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 ZigZag on Fractals MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download ZigZag on Fractals MT5 Indicator.mq5
- Copy ZigZag on Fractals 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 ZigZag on Fractals MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ZigZag on Fractals MT5 Indicator.mq4 is available on your Chart
How to remove ZigZag on Fractals 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
ZigZag on Fractals MT5 Indicator (Free Download)
Click here below to download: