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Indicator for MetaTrader
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ZigZag Indicator
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Age 3+
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level: Beginner
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English
Author's Instructions
The ZigZag Indicator is one of the indicators in MetaTrader 5 that is useful for identifying the troughs and peaks of a chart. This indicator determines and marks the turning points in price, known as Pivot Highs and Lows (HH-HL-LH-LL), on the chart.
In any price chart, peaks and troughs are formed consecutively, and correctly understanding them helps to determine the direction of the primary (Trend) or short-term market trend.
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Indicator for MetaTrader
-
ZigZag Indicator
-
Age 3+
-
level: Beginner
-
English
Author's Instructions
The ZigZag Indicator is one of the indicators in MetaTrader 5 that is useful for identifying the troughs and peaks of a chart. This indicator determines and marks the turning points in price, known as Pivot Highs and Lows (HH-HL-LH-LL), on the chart.
In any price chart, peaks and troughs are formed consecutively, and correctly understanding them helps to determine the direction of the primary (Trend) or short-term market trend.