The ZigZag Moving Average indicator builds a moving average using ZigZag reference points.
It has three input parameters:
- ZigZag depth – the Depth parameter of the ZigZag indicator
- ZigZag deviation – the Deviation parameter of the ZigZag indicator
- ZigZag backstep – the Backstep parameter of the ZigZag indicator
The moving average is calculated as a sum of Close prices in the range between the current bar and the reference point, divided by the number of bars in this range.
Calculation example for three bars after the reference point (P):
ZMA[P] = Close[P]
ZMA[P+1] = (Close[P]+Close[P+1]) / 2
ZMA[P+2] = (Close[P]+Close[P+1]+Close[P+2]) / 3
MT5 Indicators – Download Instructions
ZMA MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
ZMA MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
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How to install ZMA MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download ZMA MT5 Indicator.mq5
- Copy ZMA MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on ZMA MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ZMA MT5 Indicator.mq4 is available on your Chart
How to remove ZMA MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
ZMA MT5 Indicator (Free Download)
Click here below to download:
La entrada ZMA MT5 Indicator se publicó primero en ForexMT4Indicators.com.