The Zigzag First Indicator is a popular and useful free Forex trading indicator for the MT4 platform. It is designed to help traders identify potential entry and exit points for their trades. The Zigzag First Indicator works by tracking the highest high and the lowest low of the price action over a certain period of time. It then plots a line connecting the two points, creating a zigzag pattern. This pattern is used to identify potential entry and exit points for trades. The indicator is also customizable, allowing traders to adjust the period of time used to create the zigzag pattern, as well as the size of the zigzag line. The Zigzag First Indicator is easy to use, and can help traders identify potential entry and exit points for their trades. To use the indicator, traders simply need to select the period of time they want to use to create the zigzag pattern, and the size of the zigzag line. Once these parameters are set, the indicator will then plot a zigzag line on the chart. Traders can then use the zigzag line to identify potential entry and exit points for their trades.
MT4
Zigzag First
The Zigzag First Forex Indicator is a popular and free MT4 indicator that is useful for traders in the Forex market. This indicator is used to identify and highlight potential price reversal points. It is based on Zigzag lines, which are drawn between the highest and lowest points of a price chart. With the help of this indicator, traders can easily identify potential price reversals and make informed trading decisions.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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