The system extracts the extreme values of price movements and displays zigzag lines or marks

.

The following four types can be displayed. The following four types of zigzag lines and marks can be displayed, and each can be set to be displayed or not displayed. (1) Zigzag line: Connects the maxima and minima alternately with a zigzag line. (2) Envelope: Connects maxima and minima with each other by a line. (3) Mark of extreme values Marks are displayed for extreme values and minimum values. Marks are displayed on the history of the maxima and minima. Either "mustache (high/low)" or "entity (opening/closing price)" can be selected for the extraction target of extreme values. This is an example of execution with the default settings. In the default settings, all of the above (1) through (4) are displayed.

The following is an execution example of applying the three Indicators set to display (3) above for the period parameter (Depth=30), (2) and (3) above for the same (Depth=90), and (1) above for the same (Depth=200), respectively. *The iK_Banners, iK_Flags, iK_iK_Market Clock Bar, iK_Difference, and iK_RSI are also displayed in the execution example below, but are not included in this indicator.

This is an example of linkage with the iK_BaseTime Line vertical line indicator. The iK_Banners and iK_Flags are also displayed in the execution example below, but are not included in this indicator.

2.

Installation You can install the indicator by extracting the downloaded ZIP file and dragging and dropping it into the MT5 data folder. Please refer to the following video.

Installing the indicator [MT5 version], Itoshima K, YouTube

The following files will be installed

Indicator body file: [MT5 data folder] - [MQL5] - [Indicators] folder
iK_ZigZag.ex5

3. Setting items

[Shared] tab

[Input] tab

■■■ 1. ZigZag

□□□□

1.1 Basic settings

Target for extraction of extreme values, ZigZag parameters (Depth Depth, Deviation, and Backstep) of ZigZag. □□□

1.2 ZigZag Line and Envelope Settings

Line settings (color, line width, line type) are made in the Color tab. □□□

1.3 Setting of Polar Value Mark and History Mark

Set the mark (type and vertical shift amount). The color and size of the mark is done in the Color tab. For the mark type, specify the number in the table below.

(Parameters for management)

(D.01) Deleting iK Series Indicator Remnant Objects After deleting an iK Series Indicator from a chart, in rare cases, objects may remain without being deleted. Delete such objects. After executing the deletion, please return the selection to "Do not delete". ［

Color tab

Sets the line color, line width, line type, and mark color and size (item "Width"). You can hide them by specifying no color (None). Each of these can be set in the following items. (1) ZigZag line ZigZag (2)

Envelope

HiEnvelope/LoEnvelope (3) Extreme value mark HiMark/LoMark (4) Extreme value history mark HiMarkHistory/LoMarkHistory

4.

We will notify you of the version upgrade before the due date, so please download the software so that you can continue to use it. The version upgrade is free of charge.

DisclaimerWe

are not responsible for any damages caused by the use of this indicator.
The provision of this indicator may be discontinued without prior notice.

ProhibitionsTransferring

(or lending) the file or the right to use the Indicator is prohibited.
The use of the transferred (or loaned) Indicator is also prohibited.

Specification changeMultiple

Depths could be specified until version 1.04.03j, but in version 1.05.01j, the number of Depths that can be specified has been changed to only one. The display of ( 1) zigzag lines, (2) enveloping lines, (3) marks of extreme values, and (4) marks of extreme value histories for the specified Depth has been changed. The display and non-display of (1) through (4) can be set individually. By applying multiple of this indicator with different settings to a chart, a display similar to the previous version can be achieved. Charts that inherit the previous version may not display properly. In such cases, please "reset" the settings in the Input and Color tabs and reconfigure them, or remove this indicator from the chart once and then reapply it.

5. Revision History

v1.20.03j, 2024/2/9
Several bugs have been addressed

　Minor fixes were made.
v1.13.04j, 2023/7/22
Updated expiration date to 2024/10/1.
v1.13.03j, 2022/9/27
Addressed a symptom that the indicator graph does not return to normal when iK_BaseTime Line is deleted from a chart in cooperation with iK_BaseTime Line
The problem has been addressed.
　Added the ability to delete iK series indicator remnant objects.

Updated expiration date
10/1/2023.
v1.12.04j, 4/13/2022
Updated expiration date to 10/31/2022.
v1.12.03j, 4/6/2022
Minor fixes.
v1.12.02j, 3/30/2022
Addressed symptom that multiple applications to the same chart cannot be
Addressed a symptom
.
v1.12.01j, 2022/3/30
Lightened op
eration and improved performance. v1.05.06j, 2022/3/6
Addressed a symptom that the chart may
en linked with iK_BaseTime
Added a new feat
he iK_BaseTime Line. v1.12.01j, 2022/3/30
iK_BaseTime Line

　Updated

expiration date
9/30/2022.
v1.05.05j, 1/16/2022
Addressed a symptom that the display may not work correctly for long timeframes (weekly, monthly, etc.
05.04j, 12/30/2021
Updated expiration date to 6/30/2022
v1.05
.03j, 2021/9/4
Addressed a symptom that the iK_BaseTime Line may not display properly when it is moved.
v1.05.02j, 2021/9/3
Reviewed again the processing method when the vertical line of the reference time (iK_BaseTime Line) is moved to
v1.05.01j, 2021/9/1
The number of Depths that can be specified has been changed from three to one
.
　The display and non-display of (1) zigzag lines, (2) envelope lines, (3) marks of extreme values, and (4) marks of extreme value history can now be specified separately for each specified Depth.

　The

processing method when the vertical line of the base time (iK_BaseTime Line) is moved has been revised to improve responsiveness.
v1.04.03j, 2021/8/24
The zigzag lines and marks now flicker
　［Changed the setting from "Y. Frequency of updates" in the Input tab to "Update as needed.

Improved integration with iK_BaseTime Line (coming soon).
v1.04.01j, 2021/8/16
Updated expiration date to 2022/3/1

　Improved linkage with

iK_BaseTime Line
v1.03.04j, 2021/8/5
Revised processing method on first startup

Added "Y. Frequency of Updates" to the Input tab of the indicator properties.
v1.03.03j, 2021/7/29
Added the ability to specify three Depth parameters to display (1) extreme value marks, (2) extreme value marks and enveloping lines, and (3) zigzag lines respectively

Addressed a bug that indicator lines from the middle of a chart to the latest leg may not be displayed.
v1.02.07j, 2021/7/26
Updated expiration date to 2022/2/1.
v1.02.04j, 2021/7/22
Newly confirmed the operation with some MT5 accounts.
v1.02.
03j, 2021/7/11
Confirmed operation with Gaikai Finest MT5 demo account.
v1.02.02j, 2021/6/18
Reviewed processing when any
market is closed (e.
g. Sat/Sun).
v1.01.01j, 2021/5/20
First version. v1.01
21/6/18 New ve
version

Introduction to the iK Series

[Settings system]

Chart properties changed all together
iK_Chart PropertiesiK
Series Common Settings
iK_Common Settings

[Control system]

Past Convenient for chart validation and review! Includes many compatible indicators!

iK_BaseTime Line

[Indicators]

Currency strength and weakness that also shows recent momentum
iK_Currency Power
Moving Average Divergence
iK_DifferenceRSI
+ Downside and
upside marks
iK_RSI3Displaying the daily price movements of the market with numbers and rectangular frames
iK_VolatilityDisplaying the zigzag line + extreme price marks + extreme price envelopes
iK_

ZigZag

【Multi Time Frame System】

Ten☆Chart style
iK_G.Chart Similar
upper time frame candles are superimposed on the chart
iK_MTF Candles
horizontal lines of push low and return high and trend reversal marks!
iK_MTF Horizontal
LinesStair-step multi-timeframe moving averages +α
iK_MTF Moving AveragesDisplay
horizontal lines of push-lows and return-highs, extreme highs and lows, and trend reversal markers of highs and lows, and trend reversal markers!
iK_MTF
OshiModoriDisplays up/down status of candlesticks, multi-timeframe moving averages, etc.
iK_MTF UpDown
InfoZigzag with multi-timeframe support

nbsp; iK_MTF ZigZag

[Convenience System]

2 banners (stocks and timeframes and date/time)
iK_Banners
Displays news such as economic index releases and statements by key figures, etc. Filter by country and importance
iK_
CalendarConveniently select your favorite stocks and timeframes
Load and save charts!

K_ChangerDisplays country flags according to stocks! Easy to change stocks by clicking on the flag!

K_Flags3 Displays the current time of the market
Also shows the time remaining until the new leg!
iK_Market ClockDisplays
market open times in bars
Time and date labels and vertical lines are also available!
iK_Market Clock
BarDisplays the gauge of the specified price range (height)
Also horizontal line of the price range!

iK_Pips Gauge

ジグザグ線＋極値マーク＋極値の包絡線を表示： iK_ZigZag［MT5版］