The Zigzag Indicator is one of the most popular and useful Forex indicators available for the MetaTrader 4 (MT4) platform. It is a free indicator that helps traders to identify potential price reversals and trend continuations. The Zigzag Indicator is based on a series of highs and lows which are connected by a line. When the price moves in the opposite direction, the line will be broken and a new line will be created. The indicator will then draw a new line connecting the new highs and lows. The Zigzag Indicator is a great tool for traders to identify potential reversals and trend continuations. The indicator can be used to determine the strength of a trend, as well as identify potential entry and exit points. It is also useful for identifying support and resistance levels. The indicator is highly customizable, allowing traders to adjust the sensitivity and accuracy of the indicator. It is a free indicator that is highly customizable and reliable. The indicator is easy to use and understand, making it a great choice for any trader.
MT4
Post ZigZag
The Zigzag Forex indicator is a popular and useful tool for traders in the Forex market. The indicator works by detecting significant peaks and troughs in the price action, and then draws a connecting line between them. It is a great tool for both beginners and experienced traders alike, and can be used to help identify potential trading opportunities.
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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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