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ZigZag on Parabolic SAR for MetaTrader 5

December 18, 2009 by

My latest conversion from MT4 to MT5 code is the ZigZagOnParabolic indicator. The original indicator (as well as its MT5 version) is an improvement over standard ZigZag indicator that uses the data from Parabolic SAR (also a standard indicator) to calculate ZigZag peaks and bottoms. The indicator is also moderately customizable. Unfortunately, the MT5 version of the indicator became really worse than the MT4 one. MQL5 code is bulkier and much slower than the previous version — it lags heavily on M1 timeframe. The one important thing that is better with the MT5 version of ZigZagOnParabolic is the better readability of the code.

You can get the code of MT5 version or read more info about the indicator.

If you find some bugs in this MT5 indicator or want to make a suggestion regarding its functionality or what should be my next MT4->MT5 conversion, please, use the commentary form below.

4 Responses to “ZigZag on Parabolic SAR for MetaTrader 5”

  1. Simon Koh

    How good is the Parabolic SAR? Does it goes in line well with indicators like MACD, RSI?

    Reply

    Andrei Reply:

    Yes, Parabolic SAR is quite good. But you can’t take its signals directly to trading.

    Reply

  2. sivaya

    sir i want zig zag indicator

    Reply

    Andrei Reply:

    Just follow the links and download it. What’s the problem?

    Reply

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