Summary of 🔑 Zigzag Multi Indicator on Trading View - Free - [Trading Finder]
The video presents the Zigzag Multi Indicator available on the Trading Finder website and TradingView platform, designed to help traders identify market trends and key price levels.
Main Financial Strategies and Market Analyses:
- The indicator draws short-term (black dashed lines) and long-term (green solid lines) zigzag lines on price charts.
- Helps traders identify short-term and long-term trends simultaneously.
- Enables recognition of classic chart patterns for trading decisions.
- Supports wave counting techniques, useful for traders like gold traders to analyze price waves.
- Automatically plots major and minor support and resistance levels, aiding in market entry and exit decisions.
Features and Customization Options:
- Enable/disable short-term and long-term zigzag lines.
- Adjust the pivot period for both short-term and long-term lines to define trend sensitivity (higher values for longer trends, lower for shorter trends).
- Choose drawing styles for zigzag lines: solid, dotted, or dashed.
- Customize colors and sizes of zigzag lines and their labels.
- Enable/disable labels on zigzag lines and customize label color and size.
- Toggle display of the last major and minor support and resistance levels.
Step-by-Step Guide to Using the Indicator:
- Search for "Zigzag Multi Indicator" in the TradingView indicator section.
- Add the indicator to your favorites for quick access.
- Apply the indicator to your chart.
- Customize settings in the input section:
- Enable/disable short-term and long-term zigzag lines.
- Adjust pivot periods for trend sensitivity.
- Select drawing styles and colors.
- Enable/disable and customize labels.
- Enable/disable display of support and resistance levels.
- Confirm settings to draw zigzag lines and support/resistance levels on the chart.
- Use the indicator to analyze trends, spot classic patterns, count waves, and identify key price levels for trading.
Presenters/Sources:
- The tutorial is presented by Trading Finder, as featured on their website and YouTube channel.
Notable Quotes
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Category
Business and Finance