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Gann ZigZag Tops as Support and Resistance Levels

Article MQL5 code base
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Summary

This brief document describes an indicator that derives support and resistance levels from the most recent tops identified by a Gann ZigZag. It offers a compact concept: use swing highs detected by the ZigZag as reference prices for potential areas of resistance or support.

The document supplies no rules for interpreting or trading those levels, no parameter details, and no chart evidence or performance results. It also includes platform setup information requiring the related compiled indicator for correct operation, but that is implementation plumbing rather than strategy guidance. Because the description is limited to how the levels are sourced, it does not establish whether they predict reversals, breakouts, or useful trade entries.

Key ideas

  • The indicator plots support and resistance levels based on recent Gann ZigZag tops.
  • The document does not specify how traders should act when price reaches a level.
  • It provides no parameter settings, validation, or performance evidence.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.