How to use MT5/MT4
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Understanding the trend is crucial for chart analysis. By using this indicator, you can display multiple ZigZags from timeframes higher than the current one on the chart, allowing you to grasp short, medium, and long-term trends at a glance.
【Example of displaying 5-minute, 15-minute, and 30-minute ZigZags on a 1-minute chart】
When you activate this indicator, dedicated buttons will appear on the chart. Clicking the timeframe buttons will display the ZigZag for that timeframe on the chart.
Available ZigZag timeframes: 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 4-hour, daily, weekly, monthly
※ Only timeframes equal to or higher than the chart's current timeframe can be selected.
【Displayed Buttons】
※ This indicator works only with the Windows version of TitanFX's MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
| Variable Name | Description | Default |
|---|---|---|
| ZigZag Depth | Specifies the depth (period) of the displayed ZigZag. | 12 |
| ZigZag Deviation | Specifies the deviation (rate of change) of the displayed ZigZag. | 5 |
| ZigZag BackStep | Specifies the backstep (minimum period for reversal) of the displayed ZigZag. | 3 |
| Line Width | Specifies the line thickness. Set values separated by commas in order from the chart's timeframe upwards. Example: Setting "3,5,6" means the thickness for 1-hour, 4-hour, and daily timeframes will be "3 for 1-hour, 5 for 4-hour, 6 for daily." | 1,3,5,7,9,11,13,15,17 |
| Normal Text | Specifies the text color for unselected timeframes. | Black |
| Selected Text | Specifies the text color for the selected timeframe. | Red |
| Button | Specifies the button color. | LightGray |
| MT5 Variable Name | MT4 Variable Name | Description |
|---|---|---|
| 0 | 0 | Sets the color for the monthly ZigZag. (Changing thickness does not apply.) |
| 1 | 1 | Sets the color for the weekly ZigZag. (Changing thickness does not apply.) |
| 2 | 2 | Sets the color for the daily ZigZag. (Changing thickness does not apply.) |
| 3 | 3 | Sets the color for the 4-hour ZigZag. (Changing thickness does not apply.) |
| 4 | 4 | Sets the color for the 1-hour ZigZag. (Changing thickness does not apply.) |
| 5 | 5 | Sets the color for the 30-minute ZigZag. (Changing thickness does not apply.) |
| 6 | 6 | Sets the color for the 15-minute ZigZag. (Changing thickness does not apply.) |
| 7 | 7 | Sets the color for the 5-minute ZigZag. (Changing thickness does not apply.) |
| 8 | 8 | Sets the color for the 1-minute ZigZag. (Changing thickness does not apply.) |
