The "Zigzag" indicator is an indicator that shows the valleys and peaks of price fluctuations. At first glance, the "zigzag" indicator is also a very useful indicator for some uses.
The "MultiZigZag" introduced this time is an indicator for Metatrader 4 that displays multiple ZigZags on the chart. Also, instead of simply displaying three "zigzags", it is characterized by having an MTF function.
"MultiZigZag" displays three "zigzags" of the specified time frame on a chart. In the above image, the daily chart (yellow line), 4-hour bar (red line), and 1-hour bar (blue line) are displayed on the 1-hour chart in a zigzag manner. There are not many "zigzag" indicators that support multiple time frames like this indicator does.
Note: It is not possible to display the zigzag of the time frame below the current time frame.
There are a variety of ways to use the indicator, but here are some typical uses.
Tips for use:
Download the "MultiZigZag" MT4 indicator from the button below
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