The Zigzag Pointer Indicator for MT5 is a popular and useful tool for forex traders. This free indicator helps traders identify trend reversals and breakouts by plotting zigzag lines on the chart. The indicator works by connecting swing highs and lows with a zigzag line, providing a visual representation of price movements. Traders can use the Zigzag Pointer Indicator to spot potential entry and exit points, as well as to gauge the strength of a trend. To use the indicator, simply download and install it on your MetaTrader 5 platform. Once applied to a chart, you can adjust the settings to customize the indicator to your trading strategy. The Zigzag Pointer Indicator is a valuable tool for both novice and experienced traders looking to enhance their forex trading analysis.
ZigZag Pointer
Zigzag Pointer Indicator MT5 is a popular and useful forex indicator available for free. It works by displaying potential reversal points based on changes in price movements. Traders can use this indicator to identify trend changes and make informed trading decisions. Simply add it to your MT5 platform to start using it in your analysis.
Indicator Type | , |
---|---|
Trading Style | |
Timeframe | , |
Platform |
0
People watching this product now!
Category: Signal
Downloads -
Description
Reviews (0)
Be the first to review “ZigZag Pointer” Cancel reply
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
Keltner Channel With Signals
The Keltner Channel with Signals Indicator is a popular and free forex indicator that runs on the MT4 platform. This is a new and innovative tool that uses the Keltner Channel as the basis for generating trading signals, helping traders identify potential trading opportunities. Use the Keltner Channel with Signals Indicator as a powerful tool that can help traders succeed in the forex market.
Support Resistance Breakout Arrows
Unlock profitable trading opportunities with the Support Resistance Breakout Arrows indicator for MT4. It generates precise buy and sell signals using Fractal, CCI, and RSI. The indicator also automatically marks significant support and resistance levels, helping in trend analysis. Benefit from clear entry signals, customizable settings, and compatibility across various time frames for daily and long-term traders.
Tick V2
The Tick V2 Indicator is a new and popular forex indicator designed specifically for the MT4 platform. The green curved line in the indicator window represents the ticking line and shows the rise and fall of trading activities taking place every second, helping traders to determine the strength or weakness of the current market movement.
Reviews
There are no reviews yet.