The Zigzag History Indicator is a popular and useful Forex indicator for MT4 that is available for free. It helps traders to identify significant support and resistance levels on the chart. The indicator tracks the highest and lowest points of the price action and displays them as zigzag lines on the chart. The Zigzag History Indicator can be used to identify important support and resistance levels, as well as to identify trend reversals. The indicator is also useful for identifying price levels that could be used for setting stop-losses and take-profits. The indicator is very easy to use and can be used on any timeframe. It is a great tool for any trader looking to identify key levels in the market.
MT4
ZigZag History
The Zigzag History Indicator is a useful and popular free Forex indicator for MT4. It works by calculating the percentage of the price movement from the previous high or low and then drawing a line at the point where the percentage is higher or lower than the specified level. It is a great tool for traders who want to take advantage of price movements in the Forex market.
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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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