ZigZag Channel indicator MT4 – Technical Analysis Tool for Traders

ZigZag Channel indicator MT4 - Forex Expert Advisor by RobotFX

★ ★ ★ ★ ★ 5 reviews

✔ NFA & FIFO COMPATIBLE

Works with most regulated brokers

✔ ONE-TIME PAYMENT

No subscriptions or hidden fees

✔ FREE LIFETIME UPDATES

All future versions included

A chart displaying the ZigZag Channel indicator.

The ZigZag Channel indicator combines the ZigZag indicator – used to draw and better identify the highs/lows that the price makes, with a price channel drawn on the the chart by the zigzag highs/lows. This way the traders, especially those trading with the trend or trading breakouts, can better identify the best time to enter their trades.

Chart examples

A chart showing the ZigZag Channel indicator.

As seen above (and below) the zigzag indicator is performing extremely well identifying the trend reverse signals, such as double top or double bottoms.

A chart showing ZigZag Channel identifying trend reversals.

ZigZag Channel Settings

The settings are easy and simple to understand. The indicator has the option to customize the way the channel looks and to set alerts whenever the price breaks out of the price channel.

Download ZigZag Channel indicator free

Download a free version

⚠ fully functional but limited to trading on demo accounts

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5 Trader Reviews: ZigZag Channel indicator MT4

Anonymous

This ZigZag Channel indicator really helps me spot trend channels and potential reversal areas. It’s clear and easy to read, which makes it a useful tool for both beginners and experienced traders.

Artemius

I like how it draws the channel lines automatically and adjusts as price moves. Took some time to figure out the best settings, but now it’s a key part of my analysis

Nirmal Nurullah

Not perfect, but it gives me a better perspective than just using ZigZag alone

Ahmad

Definitely worth trying if you trade channels or trends.

A highly effective indicator that really helps filter out market noise.