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FreeXAUUSD

Pivot Trend — gratis, para XAUUSD

Swing pivots in their trend context - the two things a pivot-breakout trader needs

A pivot break only means something in the direction of the larger trend. This indicator marks each confirmed swing high/low (dots) and plots a trend MA (default 50), so you can see at a glance whether a break of the last pivot is with the trend or against it. A pivot is only drawn once confirmed as the local extreme of its window - confirmed pivots never move.

Features

  • ✓Confirmed swing highs/lows as dots (permanent once confirmed)
  • ✓Trend MA (default 50) for directional context
  • ✓The event to watch: a break of the last confirmed pivot in the MA's direction
  • ✓Defaults tuned for XAUUSD

Free download

No registration, completely free, full source included. A compiled version (and MT4 build) is also free on the MQL5 Market.

Download (.mq5)

Parameters

ParameterDefaultDescription
ZZDepth12Swing window (bars on each side of a pivot)
ZZDev5ZigZag deviation (points)
ZZBackstep3ZigZag backstep
MA_Period50Trend moving-average period
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Installation

  1. 1Put the downloaded .mq5 into MT5: File → Open Data Folder → MQL5 → Indicators.
  2. 2Restart MT5 (or refresh the Navigator) and drag it onto a chart.
  3. 3It works with the defaults; re-fit the parameters to your instrument.

Note

A visualisation tool, not a signal service. A with-trend pivot break is a setup, not a guarantee. As with every ZigZag, the newest still-forming leg is provisional until a new extreme confirms it - confirmed pivots are permanent.

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