road map
Info
The road map is a Indicator for MetaTrader 4 that a safe journey is only possible on a road with good marking and proper road signs. the indicator shows:impulse waves (bold sloping lines); corrective waves (thins sloping lines); upward wave series (blue color); downward wave series (purple color); wave series length (the numbers near the zig zag vertices); wave series breakthrough levels (short green and red lines); targets for take profit (the fibonacci grid from the start of the wave series).
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 road map
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
a safe journey is only possible on a road with good marking and proper road signs.
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: ma c d-v - another powerful indicator for MetaTrader 4 traders.
a safe journey is only possible on a road with good marking and proper road signs.
the indicator shows:
impulse waves (bold sloping lines);
Also recommended: 3 ma cross with alert - similar indicator with strong performance on MetaTrader 4.
corrective waves (thins sloping lines);
upward wave series (blue color);
downward wave series (purple color);
wave series length (the numbers near the zig zag vertices);
wave series breakthrough levels (short green and red lines);
targets for take profit (the fibonacci grid from the start of the wave series).
the zig zag is non-standard, the idea for plotting was taken from the wave theory of stanislav chuvashov (it can be viewed, say, ).
the green numbers are the time fractals that can change on further price movement.
in the input parameters it is possible to change the number of the output zig zag bars (max_bars), colors of the lines and numbers, as well as the indicator display modes.
the road_map_v04.mq4 file was added. some minor errors were fixed, the logic was completely changed to increase the speed.
You may also like: Ask Bid Spread Indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
input int tf_ind = 0;
input int max_bars = 300;
input color clr_series_up = clrblue;
input color clr_series_dw = clrpurple;
input color clr_tail_zz = clrgreen;.......
⚠ 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.