"Shoot Away" Indicator - Ultimate Zigzag Trading Tool

"Precision in Every Swing – Trade the Turns with Confidence!"

📌 Overview

The "Shoot Away" indicator is a multi-timeframe Zigzag-based tool designed for MetaTrader 4 (MT4). It helps traders identify key swing highs and lows across different volatility periods, making it ideal for trend analysis, reversals, and breakout strategies.

Developed by R.KH 1001 and available on RoboMQL, this indicator is perfect for traders who rely on price structure analysis.

⚙️ How It Works

The indicator plots three distinct Zigzag patterns with customizable settings:

Fast Period (Teal) – Short-term swings.

Medium Period (Purple) – Intermediate trends.

Slow Period (Gold) – Long-term market structure.

Each Zigzag reacts to price deviations and filters out minor fluctuations, providing clean swing points.

Key Features:

✅ Multi-Layer Analysis – Three independent Zigzags for different trading styles.

✅ Customizable Deviations – Adjust sensitivity for each Zigzag.

✅ Arrow Signals – Clear visual cues for swing highs/lows.

✅ Multi-Timeframe Adaptability – Works on any chart period.

🔧 Indicator Settings

Input Parameters:

ParameterDescriptionDefault Value

Period1Fast Zigzag period (multiplied by chart TF).5

Period2Medium Zigzag period.13

Period3Slow Zigzag period.34

Dev_Step_1Deviation & Step for Fast Zigzag (e.g., "1,3").1,3

Dev_Step_2Deviation & Step for Medium Zigzag.8,5

Dev_Step_3Deviation & Step for Slow Zigzag.21,12

Symbol_Kod (1/2/3)Arrow styles for each Zigzag.140, 141, 142

How to Interpret Deviations:

Deviation: Minimum price move required to form a swing.

Step: Lookback bars to validate swings.

📈 Trading Strategies

1. Trend Confirmation

Higher timeframe Zigzag (Gold) defines the primary trend.

Medium (Purple) and Fast (Teal) Zigzags confirm pullbacks/entries.

2. Breakout Trading

When price breaks a recent Zigzag high/low, expect continuation.

Use Fast Zigzag for scalping, Slow Zigzag for swing trades.

3. Reversal Signals

Confluence of multiple Zigzag turns increases reversal probability.

🔔 Alert Conditions

While the indicator doesn’t have built-in alerts, traders can:

Manually watch for new Zigzag swings.

Use price breaks of recent highs/lows for entries.

📌 Final Notes

The "Shoot Away" indicator is a versatile tool for traders who need clean swing analysis across multiple timeframes. Its customizable settings make it suitable for scalpers, day traders, and swing traders.

🔹 Developer: R.KH 1001

🔹 Source: RoboMQL

"Trade the Waves – Let ‘Shoot Away’ Guide Your Path to Precision!" 🎯