If you're looking to enhance your trading strategy, the ZigZag Step Points indicator for MetaTrader 4 is a valuable tool. This version of ZigZag lets you set the step size for changing the direction of the segments in price points, giving you more control over your charting.
This indicator comes packed with additional features you won’t want to miss:
- Level Lines Display: You can visualize the level lines that correspond to the last extremes—both maximum and minimum—of the ZigZag pattern.
- Wave Size Visibility: This option shows the size of the waves in points, allowing you to see how many points the price has traversed from level to level.
The settings are user-friendly, enabling you to customize colors for each ZigZag element, making it easier to read your charts.
Here’s how a standard ZigZag looks:
Now, check out the ZigZag with the level display function enabled:
And here’s the ZigZag with all additional features activated, including levels and wave size in points:
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