Zigzag MetaTrader 4 Forex Automated Trading Strategy Maker

120 $/BTC 0.00193353

The Zigzag Indicator, as its name implies, shows price trends in the form of zigzag lines. That is, it connects the price points and shows the price waves better. Therefore, this indicator can help the trader in counting and identifying trends in different time periods. In this article, we will  teach you the complete Zigzag indicator  .

When you use an indicator, you definitely need an automated trading robot and strategist for that indicator.

This robot provides you with all the strategies that you can use in using this indicator as an artificial intelligence, and you can completely customize this robot for yourself by changing the inputs. By purchasing this robot, you can also request any custom changes in the robot from our team once, if needed, and this will be done for free for up to one month after the purchase. It should be noted that this robot has lifelong support and warranty, so do not worry about the robot failing.

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Zigzag indicator training

The Zigzag Indicator, as its name implies, shows price trends in the form of zigzag lines. That is, it connects the price points and shows the price waves better. Therefore, this indicator can help the trader in counting and identifying trends in different time periods. In this article, we will  teach you the complete Zigzag indicator  .

List of sections
1)  What is the trend?
2)  What does the Zigzag indicator indicate?

3)  Zigzag indicator settings tutorial

3.1)  Step-by-step training in fundamental analysis to select the appropriate share
3.2)  Zigzag indicator parameters
3.3) A  few tips for better use of the indicator

What is the trend?

A trend is the general course of a price movement of an asset that can be bullish, neutral (suffering) or bearish. In different time frames and time periods, the price is moving in one of these three trends. Note that the zigzag indicator can help us identify trends, but the lines that this indicator draws on the chart are not trend lines. To learn how to draw trend lines, refer to the article How to draw trend lines in technical analysis.


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What does the Zigzag indicator indicate?

This indicator connects the extreme points of the chart according to the settings we define for it. The more accurate the settings, the smaller the pins, and the lower the indicator sensitivity, the larger the pins.

Zigzag MetaTrader 4 Forex Automated Trading and Strategy Maker

Zigzag MetaTrader 4 Forex Automated Trading Strategy Maker

In the image above, you can see that the zigzag indicator has been applied to the chart and there are sensitive settings for it. You can see the indicator is sensitive to minor pivots and small waves are shown in the price. Now we reduce the sensitivity. The zigzag indicator on the same chart changes as shown below.

Zigzag MetaTrader 4 Forex Automated Trading and Strategy Maker

Zigzag MetaTrader 4 Forex Automated Trading Strategy Maker

You can see that the number of fractures has decreased. So it all comes down to the goal and the time frame that the analyst wants.

Zigzag indicator settings tutorial

The Zigzag indicator  can be found on various analytics platforms. In Trading View, go to the indicators section and search for the zigzag indicator.

Zigzag MetaTrader 4 Forex Automated Trading and Strategy Maker

Zigzag MetaTrader 4 Forex Automated Trading Strategy Maker

The parameters of the  zigzag indicator  are very important so that the indicator can show the  zigzag waves  in your chart in different ways. For settings, click on the gear option and go to the indicator settings. There are two options, Depth Depth and Deviation. Set the deviation to 5. Now, the higher the Depth, the lower the sensitivity of the indicator.

Zigzag MetaTrader 4 Forex Automated Trading and Strategy Maker

Zigzag MetaTrader 4 Forex Automated Trading Strategy Maker

Zigzag indicator parameters

  • Depth: Indicates the rate of return of the indicator from the major and minor pivots.
  • Deviation: What percentage in the price change needs to change the trend line from positive to negative.

You can struggle with these parameters until you find the right trading style and achieve what you want.

A few tips for better use of the indicator

There are three things to look for when setting up zigzag parameters :

  • Price symmetry that should give you a good and uniform geometric wave (check visually).
  • Wave depth that should give you a good depth of waves between low and high.
  • The price level ahead, which should ensure that you are able to detect a trend in technical analysis.

Finally, we suggest that you read the following article to get acquainted with a hybrid strategy with the help of a zigzag indicator.
The best trading strategy based on indicators


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