The ZZ is drawn by the channeling principle.
The channels can also be drawn if necessary (they are drawn by default).
It also displays some statistics – the ratio between the length of the section and that of the previous one, the length of the section (by length we mean the height in points from the lowest to the highest point).
MT4 Indicators – Download Instructions
Channel ZigZag is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Channel ZigZag provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Channel ZigZag.mq4?
- Download Channel ZigZag.mq4
- Copy Channel ZigZag.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Channel ZigZag.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Channel ZigZag.mq4 is available on your Chart
How to remove Channel ZigZag.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: Channel ZigZag