Forex Code

Zigzag Indicator MT4: A Comprehensive Guide to Forex Trading

4 min read

The Zigzag indicator is a powerful technical tool used by Forex traders to identify important trend reversals in the currency market. The indicator consists of a series of threshold lines that can be adjusted to filter false signals from genuine reversals. With this feature, the Zigzag indicator can be used to track short-term trends as well as long-term trends in the currency market. Furthermore, because the Zigzag indicator is integrated into the MT4 Forex trading platform, it provides traders with an extra layer of protection when it comes to managing risk.