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 | //+----------------------------------------------+ input int ExtDepth=12; input int ExtDeviation=5; input int ExtBackstep =3; //---- Fibo features at the last high input bool DynamicFiboFlag=true; // Dynamic Fibo display flag input color DynamicFibo_color=Blue; // Dynamic Fibo color input ENUM_LINE_STYLE DynamicFibo_style=STYLE_DASHDOTDOT; // Dynamic Fibo style input int DynamicFibo_width=1; // Dynamic Fibo line width input bool DynamicFibo_AsRay=true; // Dynamic Fibo ray //---- Fibo features at the second to last high input bool StaticFiboFlag=true; // Static Fibo display flag input color StaticFibo_color=Red; // Static Fibo color input ENUM_LINE_STYLE StaticFibo_style=STYLE_DASH; // Static Fibo style input int StaticFibo_width=1; // Static Fibo line width input bool StaticFibo_AsRay=false; // Static Fibo ray
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