Double ZigZag (no repaint) – indicator for MetaTrader 4

[Metatrader Indicators]

doublezigzagnr.gif

This indicator is very simple: it shows signals triggered using two different ZigZag indicators (fast and slow) without any filtering.

It does never -ever- repaint a past signal and therefore is useful to study the real behavior of the ZigZag indicator -which does repaint- as a trading tool over time.

As you can see, many signals are repainted by ZigZag indicator over time. Fractals have been used to reduce the number of highs and lows painted.

It depends on original MetaQuotes ZigZag indicator -attached-.

How to install Double ZigZag (no repaint) – indicator for MetaTrader 4.mq4?

Download Double ZigZag (no repaint) – indicator for MetaTrader 4.mq4
Copy Double ZigZag (no repaint) – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your MT4 indicators
Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
Right click on Double ZigZag (no repaint) – indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator Double ZigZag (no repaint) – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Double ZigZag (no repaint) – indicator for MetaTrader 4.mq4 from your Metatrader Chart?

Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
"Indicators list"
Select the Indicator and delete

Click here below to download: