ZigZag 3 Windows

Nice one thx for sharing
Can you make expert that be nice

i work now to this dash mtf with arrow and price
and i will posted soon .. thnx

Thanks Samsha786 for the indicator. Putting it on a chart freezes mt4, so I can't use it.

I want to check when the symbol appears, because seems alarms pop up after some time is passed, but not the symbol, anyway not freezing with 18 open charts

I try useing this,does not crash. But alarm pops up later.

for example realy time , EURAUDpops up alert 12;05,but this was 40min ago

installed indicators multizizag and zig zag startlevel, next i switch on template.

this is correct initiation?

Yeh, the alarm and dialogue box pops up some time above or below where the green 1 or red 2 is, respectively. This London morning re Gbpusd as an example, the alarm went @ 1221pm broker time (red arrow on chart below) saying buy at the 1156am price which by now at 1221pm was actually 2572 ask, and the green 1 arrow was printed above the 11:56am candle broker time. I'm guessing the green 1 or red 2 actually prints at the same time as the alarm/dialogue box appears because this is when in reality (using a 1min chart) the 1min then 5min then 15min zigzags will have adjusted. As someone said in a post above, this is what actually happens, ie the smaller t/f zigzag adjusts first, so 1min then 5min, then 15min. The only time that the other two (ie 5min and 15min) don't adjust is when there is a strong trend, let's say like yesterday on gbpusd - a downtrend for eg and say 5 and 15min have already printed a red 2 and then price pulls back to the upside causing the 1min zigzag to adjust to a swing lo, and then price starts selling again and then the red 1 might appear again on 1min sometime after when the 1min zigzag adjusts again to that pullback hi. Hope everyone follows this as it is not as the original poster described it.

It will be interesting for someone to post some results across multiple pairings/instruments.

Gbpusd 1min below

EDIT: Just as I was typing this another dialogue box popped up at 1402pm broker time and the red 2 was printed at same time...so red 2 printed at the swing hi of 2602 above the 1239pm broker time 1min candle, and the alarm/dialogue box popped up saying sell @ 2602 but actually the price by then was 2582 bid, and was on that 1402pm broker time 1min candle close.

Furthermore using the rules laid down by Samsha786 in post #59 of this thread....if you close the trade when the 15min adjusts (ie when the next dialogue box pops up signifying this as of course the 15min will adjust last and that is when the alarm sounds/dialogue box appears - in reality) then that signal - ie an effective buy @ 2571ask achieved +11pips, when the 1402pm alarm/dialogue box appeared saying sell, at what then was 2582bid.

...just thinking through the logic of this zigzag indicator based potential edge, it seems to me this might do well on strongly trending markets with deep pullbacks, but might get killed in rangy markets, all relative to the time frames you implement it on.

Updated version here:
https://www.forexfactory.com/thread/...5#post13981425

NOTE: Improved performance... shouldn't get stuck anymore. I'm not sure if this is what the original poster had intended... I merely proposed an approach that worked for me - still in testing.

Headland please PM me - let's see if there's opportunity to improve further on this.


This is the data exposed by the original indicator... that's how I came to build this indicator in it's current form. If anyone else is willing to analyse this data and suggest ideas on how the MultiZigZag indicator should work... that would be great.

Crow system classic!

here is somethink bad. I spectate paair GBPUSD, 3 TF m15 m5 m1 are red(short) here i useing only zigzag startlevel by crown.
multizigzag by samsha is without reacition.

updated version doesn't work...

Hi, Thanks for the suggestion/invite and data but I'll sit this one out if you don't mind. I really only happened across this thread because the original poster - Crow had posted a couple of provocative things on the cable update thread which is where I tend to hang out whilst trading my own edge (on gbpusd only,) and it piqued my interest/curiosity enough to look at his profile. You know how it is? - one click begets another, and before I knew it I was reading this thread.

Just some initial observations in addition to and expanding on those I have already made. These are below;

a. As mentioned by others in the thread, the thing is crying out for someone to make an EA and backtest then forward test it on say 18 pairings/instruments over an initial 1month period. (Perhaps someone already has/is?)

b. I think that your suggested 'close trade' rule of the 15min zigzag adjusting probably happens too late from the small live sample I have seen in real-time, ie it gives too much back. (This initial observation may not be borne out by a bigger sample) Perhaps it should be the 1min zigzag adjusting that closes any open trade. Of course this runs the risk of taking you out of a runner too soon, but so could anything. Perhaps a flat say 30pip stop may be better?

c. You can't really optimize risk:reward to it until you know it's winning strike rate over a large forward sample, ie winning trades as a % of total trades. Let's say for the sake of argument it's only 33% then you will need at least a 1:2 risk:reward just to break even.

d. As for how your indicator acts, as I mentioned above, in reality it is the 1min zigzag that adjusts 1st, then 5min, then 15min and that gives rise to the green 1 buy or red 2 sell signal printing at the last 'main' swing lo or hi respectively on the 1min chart, although by then the actual price to buy or sell at will be higher/lower respectively as has been commented above.

The exception to this is (and I don't know whether your indicator would print a green 1 or red 2 signal on this occasion,) that let's say there is a strong trend, [a downtrend for eg,] and the red 2 sell signal has already been printed, but then comes an upside pullback sufficient to adjust the 1min or 1min and 5min zigzag(s) to a swing lo, but then the with trend selling starts again before the 15min adjusts to the same swing lo (that would have given a new green 1 buy signal,) and then the 1min -or- 1min and 5min zigzag(s) adjusts again to that pullback hi so that now the 15min, 5min and 1min zigzags are all at a swing hi (albeit at different swing hi's,) - Would your indicator give a fresh red 1 sell signal on the 1min chart? If it doesn't it might be a good idea if it does so that the 'system' gets 'with trend' again.

Just some thoughts, and thanks for the work you have done.

Ensure you put this indicator and CROWS in the MT4 folder.

Will test it for scalping trades. Could be a very high RR discretionary system if you choose the right pair. If i see a pair on a overbought level at NY close and the daily candle is an indecision candle than i have my pair for scalping based on the OPs 15/5/1 ZigZag strategy.

Although can attach to the chart but this does not show up when press "Ctrl I".

hope that will help ..
and share the result with us .. thnx

Thanks for your job and sharing the Dashboard. Can you suggest the best setting for "count bars" ?

One question, in the second file (indec zig dash) do you have to match the parameters with the MTF? Or can it be left as it is by default?

Thanks for the work, I'll try it

Thank you for sharing your DASHBOARD.
on my chart, the names of the instrument are not shown. I copied everything from your explanation.
It shows the numbers, but no arrows as well.
Any suggestions plse?
Hercs.