【Notice】This is a trial version of MT4 MT5.

Overview

The "RCCZigZagBands" indicator is atool for the ZigZag wave + retracement strategy.

It is a tool that draws rectangles surrounded by Fibonacci retracement and time zones against the ZigZag wave.

Developed based on the ZigZag wave, it aims to assist in the retracement strategy. It works in conjunction with "RT" and "ReviewCandleChart," making it a strong ally for backtesting.

About the Trial

Only available for the currency pair "AUDUSD"

File name MT4 version: RCCZigZagBands_Trial.ex4

MT5 version: RCCZigZagBands_Trial.ex5

Please confirm functionality with the trial version before considering the official version.

Tool for ZigZag wave + retracement strategy [RCCZigZagBands]【MT4 version】 https://www.gogojungle.co.jp/tools/indicators/50483 Tool for ZigZag wave + retracement strategy [RCCZigZagBands]【MT5 version】 https://www.gogojungle.co.jp/tools/indicators/50484

Installation Method

GogoJungle hasprovided an explanation page. Please read below.

Frequently Asked Questions (FAQ)

Q.Please tell me how to install the EA and the indicator.

https://www.gogojungle.co.jp/faq/322

Settings

Please check "Allow DLL imports."

【MT4】

【MT5】

Settings ----- 【ZigZag】 ----- 　Depth 　Deviation 　Backstep Please check "Allow DLL imports." The initial values are Depth [12], Deviation [5], Backstep [3]. Increasing the Depth value will make the peaks and troughs of the ZigZag larger, while decreasing it will make them smaller. 　Type 　Thickness 　Color Set the ZigZag line. ----- 【Retracement Bands】 ----- 　Identification ID 　Display: On Chart When inserting multiple "RCCZigZagBands" into one chart, please set a unique value for "Identification ID." Set the display of the retracement bands (front or back). 　　Start Position (TimeZone) 　　Band Width (TimeZone) 　　Price 1 (Retracement) 　　Price 2 (Retracement) 　　Color Set the retracement band for one side of the ZigZag wave that is descending. The vertical axis is price, and the horizontal axis is the Fibonacci time zone value for drawing the band (rectangle). The initial values are Start Position [1.0], Band Width [2], Price 1 [50.0], Price 2 [61.8]. Based on the start and end points of one side of the ZigZag wave, a retracement band is drawn from the 1.0 position of the Fibonacci time zone with a width of 2, at the height of the Fibonacci retracement of 50%-61.8%. The initial setting is to draw from the end point of the ZigZag wave, with a width of ZigZag X2, at the height of 50%-61.8%. Set the push band for one side of the ZigZag wave that is ascending. The drawing position and size settings for the band are the same as for the "Retracement Band." ----- 【Key Settings】 ----- 　ZigZag Show/Hide Key 　Bands Show/Hide Key Set the keys to control the display of the ZigZag line. Set the keys to control the display of the retracement bands.

【Version History】

【Initial Release】2024/04/04　1.00.0403

MT4 build 1415

MT5 build 4260

【Bug Fix】2024/08/15　1.01.0815

Improved a bug where the ZigZag line was not drawn correctly in some patterns.

MT4 build 1420

MT5 build 4410

【Terms of Use】

・We take utmost care in the creation of software and documentation, but the copyright holder shall not be liable for any damages arising from use.

・This product does not guarantee any profits from use.

・All or part of the content included in this product is prohibited from being reproduced, sold, transferred, or distributed. Modification or reverse engineering of the content is also prohibited.

・We will respond to operational abnormalities due to specification changes from upgrades of MetaTrader 5 or MetaTrader 4 to the extent possible, but we cannot guarantee it.

Returns for these reasons cannot be accepted.

・Due to the nature of digital downloads, returns or refunds after purchase cannot be accepted.

Sincerely,

ZigZag波＋リトレースメント戦略のためのツール[RCCZigZagBands Trial]【MT4 MT5トライアル版】