How do I install this Indicator on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 4?

Yes, this Indicator is built specifically for MetaTrader 4.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free multiple zig zags in a single window Indicator for MetaTrader 4

MetaTrader 4 indicator

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Similar MetaTrader Tools

multiple zig zags in a single window

Info

The multiple zig zags in a single window is a Indicator for MetaTrader 4 that for the fans of zigzag: a small indicator that draws multiple zigzags from different timeframes on one timeframe. four zigzags are implemented (h1, h4, d1, w1).

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.

How to Install and Use multiple zig zags in a single window

1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.

2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.

3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.

4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.

Frequently Asked Questions

Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."

Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).

Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.

What this tool does

for the fans of zigzag: a small indicator that draws multiple zigzags from different timeframes on one timeframe.

Typical Use Case

This Indicator excels in automated trading and technical analysis on MetaTrader 4.

Compatible Platform & Setup

This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.

Description & Settings

Related: source code for multiple orders - another powerful indicator for MetaTrader 4 traders.

for the fans of zigzag: a small indicator that draws multiple zigzags from different timeframes on one timeframe. four zigzags are implemented (h1, h4, d1, w1). the timeframe should be selected as the minimal of the displayed ones, i.e. here it is h1. on all other timeframes it is drawn incorrectly, there are no timeframe checks.

Also recommended: multiple moving averages (mas) - similar indicator with strong performance on MetaTrader 4.

almost the same is present in zup by nen (dt mode). i decided to make a separate indicator to demonstrate the algorithm itself, which allows to display the indicators from other timeframes on the current one. please note the checks in the start() function: they are required for the correct display of the "other" zigzags, to make sure there are no plateaus near their extremums.
the zigzag edited by rosh is also attached. the code is not large, so replacing this zigzag with other is not difficult. for that it is enough to make changes to the external parameters and to the zz() function: all the zigzag parameters are "hidden" within function. if the parameters need to be changed depending on the timeframe, it will be a little more difficult, but not daunting.
the zigzag colors correspond to the rainbow colors in ascending order («richard of york gave battle in vain»): red - h1, orange (here - goldenrod) - h4, green - d1, blue - w1.
multiple zigzags in a single window

You may also like: daily trend indicator for multiple currency pairs - excellent alternative for indicator users on MetaTrader 4.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 red
extern int extdepth=12;
extern int extdeviation=5;
extern int extbackstep=3;
double extmapbuffer[];
double extmapbuffer2[];

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.