Introducing ZigZag Extras MT4, a Forex indicator that simplifies market analysis:
– Visualizes highest highs and lowest lows over a specified “Depth” period. – Highlights potential reversal points with filled blue and red dots. – Optional display of BreakOut points, indicating probable peaks and bottoms. – Helps avoid common pitfalls of mistaking repainted points for market tops or bottoms. – Designed to enhance understanding and serve as signals for various trading strategies.
Instructions: 1. Configure indicator parameters, note the different sequence. 2. Link to the chart; parameters are adjusted for Bar Periods/Counts. 3. Utilize Deviation for decimal PIPs (relevant for brokers with 3/5 digits). 4. Toggle breakout points display and customize alerts for highs/lows breaches.
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