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Zig Zag Buy/Sell Forex Indicator (MT4)

The Zig Zag buy/sell indicator for Metatrader 4 delivers solid trading signals based on the Zig Zag trading algorithm.

The indicator gets displayed in the main chart window as simple to follow red buy & sell signal arrows.

The signals are connected with a dotted line.

After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

Key Points

  • Signal indicator
  • Newbie friendly
  • Works for any time frame
  • Well worth adding to your indicator collection

This indicator can work together with any existing trading strategy or system as a buy & sell signal confirmation tool.

Free Download 

Download the “zig-zag-buy-sell.mq4” MT4 indicator

Indicator Example Chart

The EUR/USD 5-minute chart below shows the Zig Zag buy/sell Forex indicator in action.

Basic Trading Signals

BUY:

  • A buy signal is given when the red “up” arrow appears on the chart.
  • Set stop loss below short-term support.
  • Exit the buy trade for a predetermined profit target or wait for a sell signal.

SELL:

  • A sell signal is given when the red “down” arrow appears on the chart.
  • Set stop loss above short-term resistance.
  • Exit the sell trade for a predetermined profit target or wait for a buy signal.

Download This Forex Indicator

Download the “zig-zag-buy-sell.mq4” MT4 indicator

Adjustable Parameters & Settings

Slalom, colors, style

Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

More Info About This Indicator

Currency Pairs: works on any currency pair

Trading Platform: developed for Metatrader 4 (MT4)

Time Frames: any

Indicator Type: signals

How to install the Zig Zag buy/sell Forex indicator in Metatrader 4?

  • Copy and paste the zig-zag-buy-sell.mq4 indicator into the MQL4 indicators folder.
  • You can access this folder from the top menu as follows:
  • File > Open Data Folder > MQL4 > Indicators (paste here)

How to remove the indicator from the chart?

  • Right click in the chart
  • Select indicators list
  • Click on the indicator’s name
  • Click on the delete button