Индикатор 3_zigzag Форекс

Dynamic Zigzag Levels is a piece of software that can be found within the indicators section of the MQL5 marketplace, we have provided a link to it just in case there are multiple indicators with similar names. The indicator was first uploaded on the 29th of October by Aleh Sasonka, it has received updates, the most recent update was on the 6th of May , this brought it up to version

Overview

The Dynamic Zigzavg Levels indicator can be used with the MetaTrader 4 trading platform, the indicator will display the two nearest zigzag levels. It will show the resistance and the support levels, the levels are calculated by the standard ZaigZag indicator.

The indicator should be used along with your manual trading and can be used on any timeframe, there will be an audio alert when a level s touched or broken through.

There are a number of settings available for the indicator:

-The period of history to calculate = &#; history period, within which the levels (in bars) are searched for
-Depth &#; the setting indicator zigzag = 12 &#; ZigZag indicator parameter
-Deviation &#; the setting indicator zigzag = 5 &#; ZigZag indicator parameter
-Backstep &#; the setting indicator zigzag = 3 &#; ZigZag indicator parameter
-The color of the line-Up = SteelBlue &#; Up line color
-The color of the line Dn = SteelBlue &#; Dn line color
-An audible signal to the level crossing = false &#; enable the level crossing audio alert
-Sound File = &#;eunic-brussels.eu&#; &#; select a sound file for the audio alert

Service Cost

The indicator will cost you $10 to purchase it outright, unlike a lot of indicators on the MQL5 marketplace, there is no option to rent this indicator due to its low price. The site indicates that there is a free version available, however, we do not know what the limitations of this free version are.

Conclusion

Unfortunately, there aren’t any reviews available, so we do not know if the users that are using the indicator are getting it to work properly. There are 6 comments, but all of them are from the indicators creator, as there are no reviews, we would highly recommend that you download the free version to test out, you should also contact the developer with any queries that you may have [prior to making a purchase, this way you can make sure that it will suit your needs.

This Forex service can be found at the following web address: eunic-brussels.eu

Deviation = (Minimum Price Movement / Current Price) x

For example, if the minimum price movement is set to 10 pips and the current price is , then the deviation would be:

Deviation = (10 / ) x = %

This means that the ZigZag indicator will only draw a new line or swing if the price moves up or down by at least % from the last swing point.

The deviation parameter helps to filter out minor price fluctuations and noise, and only draws new swings when the price has moved a certain amount. This can help traders identify the overall direction of the trend and potential reversal points.

It's important to note that the optimal value for the deviation parameter can vary depending on the market being analyzed, the trading strategy being employed, and the time frame being used. Traders should experiment with different values to find the setting that works best for their specific needs.

What is the parameter "Backstep" with equation and example?

The "backstep" parameter in the ZigZag indicator refers to the number of bars or candles that must pass before the indicator can change direction and draw a new line or swing. The equation to calculate the backstep is simply the number of bars or candles required to pass before the indicator can change direction.

We provide the convenient and powerful ZigZag indicator for Free. You can use for US stock market data and as well as the international stock market data.

The download link and the full instruction on how to use this tool can be found from the link below.

eunic-brussels.eu

There are several advantage of using this tool to calculate the ZigZag indicators.

1. This simple tool produces the ZigZag indicator values for multiple cycles. It produce the ZigZag indicator values up to four different cycles from Cycle 0 to Cycle 3. Cycle 0 is the smallest ZigZag cycle and Cycle 3 is the largest ZigZag cycle.

2. This simple tool produces the ZigZag indicator values + turning point probability corresponding to each ZigZag point. In another words, you can find out what is the turning point probability at each ZigZag point. This can help you to predict the Stock market or Forex market.

How to use this free tool is really simple.

• Firstly, load the data.
• Secondly, click on &#;Perform Fractal Decomposition&#; Button.
• Thirdly, go to ZigZag indicator page. With right mouse click, you can either copy the data to clipboard or you can save the ZigZag data to CSV file.

It is as simple as ABC. However, this is a powerful tool that can predict the Stock market. This is free tool. You can free to use this tool and free to share this tool on online.

You can find more educational articles for Trading Strategy Guide from our website.

eunic-brussels.eu

To get the stock market data for free, you can use either Yahoo Finance or Google Finance. There are many more free data source available on the internet.

In addition, the video tutorial below can be helpful in using the Fractal Decomposition Analysis Tool for Forex Market.

YouTube Video 1: eunic-brussels.eu

The video tutorial below can be helpful in using the Fractal Decomposition Analysis Tool for Stock Market.

YouTube Video 2: eunic-brussels.eu