Summary of 📈📥ZigZag Indicator for MetaTrader 5 /4- Download - Free - [TF Lab]📈📥

The video tutorial focuses on the ZigZag Indicator for MetaTrader 4 and 5, which can be downloaded for free from the Trading Finder website. The tutorial explains how to install and use the indicator, highlighting its features and settings.

Key Features:

• ZigZag Lines and Pivot Points: The indicator helps traders identify major and minor pivot points, support, and resistance levels.
• Display Options: Users can customize the appearance of the indicator with themes (dark, light, auto) and toggle labels for different pivot types (HH, HL, LL, LH).
• Settings:
  • Major and minor zigzag settings can be adjusted, with defaults based on previous and next candle types.
  • Users can enable or disable the display of major and minor zigzags and their corresponding support and resistance levels.

Tutorial Steps:

1. Download the indicator file from the Trading Finder website.
2. Select the indicator from the Navigator section and drag it onto the chart.
3. Activate the "Allow DLL imports" option in the Common section.
4. Customize settings for display options, major/minor zigzags, and support/resistance levels.

The video concludes by inviting viewer comments and suggestions, emphasizing the indicator's suitability for traders focused on identifying pivot points in the market.

Main Speakers/Sources:

• The tutorial is presented by TF Lab, which provides the instructional content.

Notable Quotes

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Category

Technology

Video