Development of the previous version of ZigZag WaveSize MT4 indicator

Overall Improvements:

  • Code adaptation for MetaTrader 5

  • Optimised work with graphical objects

New:

  • Horizontal levels on extrema

  • Selecting the type of levels: horizon/beams/sections

  • Liquid levels filter (not broken by price)

  • Breakout buffer: setting sensitivity to false breakouts

  • Labels customisation and functionality: number, appearance, deleting old labels

  • Structure breakdown alerts (BoS)

  • Change of motion pattern alerts (ChoCH)

Optimisation:

  • Fix extremum update logic

  • Dynamic update of new objects

  • Load reduction when bars appear

  • Centralised label system

Fixes:

  • Fixed array overruns

  • Correct positioning of labels

  • Removed duplicate parameters