FXBot

  Here’s the problem: the default zigzag indicator given in MT5 trading platform does not really capture the most of the highs and lows on chart do draw zigzags. On chart below, notice that some of ther high, low of price have been missed to draw zigzags by this default zigzag indicator (picture 1). It is not so apparent until you compare default zigzag indicator to this SwingZZ indicator. Have a look on picture 2 and 3. The swing zigzag indicator is best because it captures most of the swing highs and swing lows of price action to draw zigzags. When build this indicator, I have refer to Onix SwingZZ on MT4 indicator but this redraw on every tick. So, I change all to just redraw third extremum from the last uncompleted bar (just like MetaQuotes Zigzag indicator did) And with these zigzags, you can: + use to draw trendlines, draw channels + identify support and resistance levels + even identify chart patterns like head and shoulders pattern + use to place stoploss, takeprofit…  As you c