Summary of "馃搱馃摜ZigZag Indicator for MetaTrader 5 /4- Download - Free - [TF Lab]馃搱馃摜"
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:
- Download the indicator file from the Trading Finder website.
- Select the indicator from the Navigator section and drag it onto the chart.
- Activate the "Allow DLL imports" option in the Common section.
- 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.
Category
Technology
