Article Summary:

Daily updated information, tips on forex news, forex quotes, forex broker, forex charts, and various forex resources.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)


Article Content:
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.
(…)Read the rest of ZigZag on Parabolic SAR for MetaTrader 5 (25 words)

MetaTrader 4 platform with ECN execution - FXOpen.

Posted on Forex blog.

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