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ZigZag with Labels indicator for Meta Trader 4
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ZigZag with Labels indicator
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Age 3+
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level: Beginner
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English
Author's Instructions
The ZigZag with Labels, Meta Trader4 indicator identifies points on the price chart that have more significant changes than previous waves and connects these points, helping traders recognize trends. This indicator also identifies pivot points where the price chart changes direction.
Pivots, also known as reversal points, occur when supply and demand interact. There are two types of pivots: major pivots (significant price reversals) and minor pivots (smaller swings).
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ZigZag with Labels indicator for Meta Trader 4
-
ZigZag with Labels indicator
-
Age 3+
-
level: Beginner
-
English
Author's Instructions
The ZigZag with Labels, Meta Trader4 indicator identifies points on the price chart that have more significant changes than previous waves and connects these points, helping traders recognize trends. This indicator also identifies pivot points where the price chart changes direction.
Pivots, also known as reversal points, occur when supply and demand interact. There are two types of pivots: major pivots (significant price reversals) and minor pivots (smaller swings).