ZigZag Arrow Indicator For Mt4 Vs Trading View Indicator
The zigzag arrow indicator uses pivot points for its analysis. It is based on the swing highs and lows and it helps traders to find reversals from the trading market. To find the reversals the zig zag indicator is the best choice.
This zigzag indicator has the same look as other zigzag-based indicators. Swing lows and swing highs can be easily found using this indicator. The other zigzag indicator consists of only lines but this zigzag arrow indicator for mt4 also gives buy and sell signals.
The green arrow on mt4 represents the swing low whereas the red arrow on mt4 shows the swing high.
Using Zigzag Arrow Indicator for Mt4 to Identify Trends
In this segment, we will try to understand how to find trends with this indicator. It’s very simple and easy to understand with a quick appoach. In the uptrend we will see higher highs and higher lows. It’s very clear that every swing high will be higher than the previous one. Similarly, the opposite is in the case of the downward trend.
How to Download this Indicator for mt4 and My View
You can download this indicator for free from Google. Just write the zigzag arrow indicator for mt4 and from the first 3 results on Google, you can download this indicator. I have checked this indicator in detail and found that it repaints badly. I am going to give you the best indicator for trading view developed on the same approach but this one is much more accurate and profitable.
Double ZigZag with HHLL Indicator Trading View by LonesomeThe
The name of the indicator is double zig zag with hhll and it’s written by Lonesomthe. This indicator is free to use for trading view users. All you need is to go to tradingview.com. Open any chart go to the indicator section and search double zig zag and attach the one which is provided by LonesomeThe.
As you can see in the above screenshot this indicator automatically shows HH Hl, LH, and LL on the chart. Most of the experienced traders use this indicator on major support and resistance levels and breakouts.
You can also adjust the period of Zigzag from its settings tab. Moreover, you can change colors of your own choice to give a unique look and much more options to play with the settings. The best thing is that you can customize this indicator according to your trading style.
Conclusion:
Both indicators are good but I recommend the trading view zig zag indicator as the best choice. It gives us a clear picture of the trading market with proper highs and lows and we also have the option to customize this indicator according to our trading needs.
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