//+------------------------------------------------------------------+ //| zigzag-pointer.mq4 | //| zigzag modified by Dr. Gaines | //| dr_richard_gaines@yahoo.com | //| http://www.metaquotes.net | //+------------------------------------------------------------------+ #property copyright "dr_richard_gaines" #property link "http://www.metaquotes.net/" #property indicator_chart_window #property indicator_buffers 4 #property indicator_color1 Lime #property indicator_width1 2 #property indicator_color2 Red #property indicator_width2 2 #property indicator_color3 Yellow #property indicator_width3 1 #property indicator_color4 Orange #property indicator_width4 1 //---- indicator parameters extern int ExtDepth=100; extern int ExtDeviation=75; extern int ExtBackstep=15; //---- indicator buffers double ZigZagUp[]; double ZigZagDown[]; double zzL[]; double zzH[]; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { IndicatorBuffers(4); //---- drawing settings SetIndexStyle(0,DRAW_ARROW); SetIndexArrow(0, 233); SetIndexStyle(1,DRAW_ARROW); SetIndexArrow(1, 234); SetIndexStyle(2,DRAW_ARROW); SetIndexArrow(2, 233); SetIndexStyle(3,DRAW_ARROW); SetIndexArrow(3, 234); //---- indicator buffers mapping SetIndexBuffer(0,ZigZagUp); SetIndexBuffer(1,ZigZagDown); SetIndexBuffer(2,zzL); SetIndexBuffer(3,zzH); SetIndexEmptyValue(0,0.0); SetIndexEmptyValue(1,0.0); SetIndexEmptyValue(2,0.0); SetIndexEmptyValue(3,0.0); //---- indicator short name IndicatorShortName("ZigZag("+ExtDepth+","+ExtDeviation+","+ExtBackstep+")"); //---- initialization done return(0); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int start() { int shift, back,lasthighpos,lastlowpos; double val,res; double curlow,curhigh,lasthigh,lastlow; for(shift=Bars-ExtDepth; shift>=0; shift--) { val=Low[Lowest(NULL,0,MODE_LOW,ExtDepth,shift)]; if(val==lastlow) val=0.0; else { lastlow=val; if((Low[shift]-val)>(ExtDeviation*Point)) val=0.0; else { for(back=1; back<=ExtBackstep; back++) { res=ZigZagUp[shift+back]; if((res!=0)&&(res>val)) { ZigZagUp[shift+back]=0.0; zzL[shift + back] = res; } } } } ZigZagUp[shift]=val; //--- high val=High[Highest(NULL,0,MODE_HIGH,ExtDepth,shift)]; if(val==lasthigh) val=0.0; else { lasthigh=val; if((val-High[shift])>(ExtDeviation*Point)) val=0.0; else { for(back=1; back<=ExtBackstep; back++) { res=ZigZagDown[shift+back]; if((res!=0)&&(res=0; shift--) { curlow=ZigZagUp[shift]; curhigh=ZigZagDown[shift]; if((curlow==0)&&(curhigh==0)) continue; //--- if(curhigh!=0) { if(lasthigh>0) { if(lasthigh0) { if(lastlow>curlow) { zzL[lastlowpos] = ZigZagUp[lastlowpos]; ZigZagUp[lastlowpos]=0; } else ZigZagUp[shift]=0; } //--- if((curlow=0; shift--) { if(shift>=Bars-ExtDepth) ZigZagUp[shift]=0.0; else { res=ZigZagDown[shift]; if(res!=0.0) ZigZagDown[shift]=res; } } } //end//