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ZigZag Alert Signal Metatrader 4 Forex Indicator

    The ZigZag Alert Signal forex indicator for Metatrader 4 is based on the well-known ZigZag technical indicator.

    In order to make it more easy for traders to follow its buy and sell signals, this version sends out alerts when there’s a new buy or sell trade opportunity.

    Moreover, the indicator draws buy and sell arrows on the chart.

    • A blue arrow represents a buy trade opportunity.
    • A red arrow represents a sell trade opportunity.

    It’s recommended to confirm signals with additional technical indicators or with price action techniques.

    Furthermore, the ZigZag Alert Signal indicator displays the following Metatrader 4 account info on the main trading chart (can be turned ON and OFF).

    • Broker name
    • Account number
    • Trade Mode (demo or real)
    • Leverage
    • Balance
    • Equity

    Free Download

    Download the ZigZagSignal.mq4” MT4 indicator

    Example Chart

    The USD/JPY 1- Minute chart below displays the ZigZag Alert Signal Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the ZigZag Alert Signal MT4 indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy trade position when the ZigZag Alert Signal MT4 indicator indicator suggests to “open BUY order”. Place a protective stop 1-3 pips below support.

    Sell Signal: Open sell trade position when the ZigZag Alert Signal MT4 indicator indicator suggests to “open SELL order”. Place a protective stop 1-3 pips above resistance.

    Trade Exit : Use your own method of trade exit.

    Download

    Download the ZigZagSignal.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (depth, deviation, backstep, display alerts, email alert, display trader info) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: signals

    Installation

    Copy and paste the ZigZagSignal.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)