Road Map
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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).
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.
