Re: Zig-Zag Indicator MT4

222
ZigSwag - The ZigZag problem solver

ZigSwag tries to solve the annoying behaviour of ZigZags : you never know when a new arm has been drawn, right?

This makes drawing important levels really hard or even impossible.

But this indicator solves it all: Each red arm is drawn at a distance of the "pivotsR" bars
  • The yellow line is the classic "repainting" ZZ but the red lines shows all the repainting steps it tooks to have the final zig zag
  • And yellow line is updated every time there is a peak (or reversal) of the red line
The ZZ itself is based on a pivot indicator that I added as well Cheers !

Jef
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didichung, Jimmy, moey_dw, Krunal Gajjar, ashdays, kvak, Tsar, AlainP, guppiexl, JohnL33, Abdi, Energybias, 88FX88, Dimkin, mate
Scalping the Century TimeFrame since 1999

LikeRe: Zig-Zag Indicator MT4

223
ionone wrote: Thu Jan 22, 2026 7:07 pm ZigSwag - The ZigZag problem solver

ZigSwag tries to solve the annoying behaviour of ZigZags : you never know when a new arm has been drawn, right?

This makes drawing important levels really hard or even impossible.

But this indicator solves it all: Each red arm is drawn at a distance of the "pivotsR" bars
  • The yellow line is the classic "repainting" ZZ but the red lines shows all the repainting steps it tooks to have the final zig zag
  • And yellow line is updated every time there is a peak (or reversal) of the red line
The ZZ itself is based on a pivot indicator that I added as well
screenshot.1568 copie.jpg
Cheers !

Jef
A very elegant solution! Instead of guessing the future, you give it a “shadow scout clone” 😄
These users thanked the author Dimkin for the post:
ionone


Re: Zig-Zag Indicators MT4

226
mirfai wrote: Sat Feb 21, 2026 11:33 pm Dear mrtools may u make for MT5 version for this indicator. TQ :hug:
Hi. I don't use dashbord. I turned it off. The semaphore is being redrawn. The purchase and sale text tags are for information purposes, not a call to action. use it at your own risk. "BUY NOW / SELL NOW" text prompts
This is a very useful feature. The indicator automatically adds the signatures "BUY NOW" under the SEMA 2 point and "SELL NOW" under the SEMA 2 point, but only if an important condition is met.:

If there is a SEMA 3 sell (down) arrow, then all subsequent SEMA 2 points (large points) will have a "SELL NOW" caption until a SEMA 3 buy arrow appears.

This helps to avoid opening a trade against the global SEMA 3 signal and to look for SEMA 2 entry points only in the direction of the main trend.
These users thanked the author ramsdac for the post:
Krunal Gajjar