The Zigzag Fibonacci Fan Indicator MT5 is a popular and free forex indicator that is useful for traders of all levels. The indicator works by plotting Fibonacci fans on the chart, which are lines connecting two points on the chart and then extending the lines to form a fan. These lines are then used to identify potential support and resistance levels, as well as entry and exit points. The Zigzag Fibonacci Fan Indicator MT5 is a great tool for traders of all levels, and is free to use.