If you’re looking to enhance your trading game, the MQL5 version of the classic ZigZag indicator for MetaTrader 5 is a must-have. This indicator not only helps you identify price reversals but also allows you to set Fibonacci levels at the last two extremes, giving you a clearer picture of potential support and resistance levels.
Indicator Input Parameters:
//+----------------------------------------------+ //| Indicator input parameters |//+----------------------------------------------+ inputint ExtDepth=12; inputint ExtDeviation=5; inputint ExtBackstep =3; //---- Fibo features at the last highinputbool DynamicFiboFlag=true; // Dynamic Fibo display flag inputcolor DynamicFibo_color=Blue; // Dynamic Fibo colorinputENUM_LINE_STYLE DynamicFibo_style=STYLE_DASHDOTDOT; // Dynamic Fibo styleinputint DynamicFibo_width=1; // Dynamic Fibo line widthinputbool DynamicFibo_AsRay=true; // Dynamic Fibo ray//---- Fibo features at the second to last highinputbool StaticFiboFlag=true; // Static Fibo display flaginputcolor StaticFibo_color=Red; // Static Fibo colorinputENUM_LINE_STYLE StaticFibo_style=STYLE_DASH; // Static Fibo styleinputint StaticFibo_width=1; // Static Fibo line widthinputbool StaticFibo_AsRay=false; // Static Fibo ray
Comments 0