EA based on Price distance from ZigZag

[mustafafr010]

Hello Everyone.

I wanted to know how do I set up an EA where it detects price movement by certain amount of pips from the last ZigZag High or Low.

Thanks

[l'andorrà]

Zig zag is a very tricky indicator to use. I strongly recommend you to read this thread before you try it.

https://fxdreema.com/forum/topic/6744/zig-zag-implementation

[mustafafr010]

@l-andorrà

Thanks for your reply.

That explanation was very complicated to me.

However, I did find an indicator that plots a Horizontal (trendline) at the ZigZag turning point. I was able to modify the line to plot as Ray to right.

How can I use this plotted line and command the EA to count the Pips distance between the current price and the line?

Your help is much appreciated.

[l'andorrà]

It depends on the indicator. Can you please share it here in its mq4 version?