Mql5官网 Universal ZigZag on RSI HTF 外汇EA

The ZigZag indicator is based on the RSI indicator. This makes it possible to identify significant extremes.

Different calculation options are provided:

– RSI indicator at Close or Hi-Low prices (1 and 2 buffers respectively in OnClose mode – the first buffer, in Hi-Low mode the first buffer at
High price, the second buffer at Low);

– ZigZag indicator by period (standard) or minimal deviation. (The ZigZag indicator values are always in zero buffer.)

If you use a higher timeframe, make sure that the timeframe quotes that does not match the story break can lead to unclear consequences.

Indicator parameters:

Work TimeFrame – time frame for RSI indicator calculation

RSI Period – RSI indicator period

Show RSI? – Display or not the RSI indicator

RSI Price – RSI indicator calculation price (OnClose or OnHiLow)

ZigZag Type – calculation of indicator by period or deviation (OnDepth or OnDeviation)

Deviation or Depth Value – the value of the calculated parameter for the previous point;

RSI Line Width – RSI line thickness, if displayed

RSI on High color – RSI line color, if displayed;

RSI on Low color – RSI line color, if displayed;

RSI on Close color – RSI line color, if displayed;

ZigZag Line Width – ZigZag line thickness

ZigZag color – the color of the ZigZag line

Show Levels? – show or not the levels (the indicator is symmetrical, so the range of level values is 1 to 50), the zero level is
always displayed;

Levels value – the level value.