The Zig Zag Value Indicator is a useful tool for Forex traders who use the MT4 trading platform. This popular free indicator is designed to help traders identify potential support and resistance levels in the currency markets. The Zig Zag Value Indicator works by plotting a series of zig zag lines on the chart and then calculating the vertical distance between each zig zag line. These vertical distances are then used to determine the support and resistance levels. The indicator is typically used to identify potential entry and exit points for trades. The Zig Zag Value Indicator is easy to use and can be quickly added to any MT4 chart. Once it is added, traders can adjust the parameters in order to customize the indicator to their specific trading style. For example, the user can adjust the sensitivity of the indicator by changing the percentage of the zig zag lines. They can also adjust the period of the indicator to focus on short-term or long-term trends.
MT4
Zig Zag Value
The Zig Zag Value Indicator is a useful tool for Forex traders using the MT4 platform. It is a popular and free indicator that helps traders identify and track price movements in the Forex market. The indicator uses a simple mathematical formula to calculate the zig zag values of the price action. It then draws a line connecting the points to create a zig zag pattern. It is a great tool for traders looking to gain an edge in the Forex market.
| Indicator Type | |
|---|---|
| Trading Style | |
| Timeframe | , |
| Platform |
0
People watching this product now!
Downloads - 21
Description
Reviews (0)
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.
Related products
Price Action Scaner
The Price Action Scaner Forex Indicator is a useful and popular MT4 indicator that is free to use. It is designed to help traders identify price action patterns that are most likely to lead to profitable trades. The indicator uses a combination of trend analysis, support and resistance levels, and price action signals to provide traders with an insight into the current market conditions. It also provides alerts when certain trading signals are detected, allowing traders to take action quickly. With the Price Action Scaner Forex Indicator, traders can quickly identify potential trading opportunities and take advantage of them.
Three Drives Pattern
The Three Drives Pattern Indicator is a useful and popular free Forex indicator for MT4. It works by analyzing the price action of a given financial asset and then looking for three distinct price points that form a pattern. If the pattern is identified, then the indicator will alert the trader to a potential reversal in the trend. The Three Drives Pattern Indicator is a great indicator for traders who want to take advantage of the potential for quick profits when the market reverses.
Channel_ZigZag
The Channel ZZ Indicator is a popular and free MT4 Forex indicator that is extremely useful for traders. It uses a combination of ZigZag lines, trend lines, and Fibonacci retracement levels to help you identify profitable entry and exit points. The indicator works by drawing a line between two extreme points on the chart and then calculates the Fibonacci retracement levels. It then draws a ZigZag line between the two extreme points and uses the retracement levels to identify potential entry and exit points. The indicator is easy to use and understand, and it is a great tool for traders to use to help them make more profitable trades.
Wolfe Waves
The Wolfe Waves indicator is a new and popular forex indicator available for free on the MT4 platform. It uses advanced algorithms to identify potential Wolfe Wave patterns in the market and chart those patterns, making them easy for traders to identify and analyze. The Wolfe Waves indicator is highly accurate and does not require redrawing, providing traders with reliable signals they can act on. The Wolfe Waves indicator is an essential tool for any forex trader who is trying to improve their trading strategies and identify high probability trading opportunities.
Breakout Pattern
The Breakout Pattern Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) trading platforms. It is a useful tool for traders who are looking to identify breakouts and potential trading opportunities. The indicator uses a combination of technical analysis, including support and resistance levels, trendlines, and price action to identify potential breakouts. The Breakout Pattern Indicator is a great tool for traders who are looking to take advantage of market breakouts and capitalize on potential trading opportunities.
Reviews
There are no reviews yet.