How to Use the Zigzag Indicator on Forex Charts in MT4
This Lesson will describe how to place and add the Zigzag Technical Indicator in a Chart in the MT4 Software. For technical analysis: Technical analysis of All Trading Indicators
How to Set Indicators on MT4 Charts
Step 1: Access the Navigator Window in the Trading Platform Software
Open Navigator window such as shown and illustrated below: Navigate to "View" menu (click on it), then choose "Navigator" window (click), or From Standard Tool Bar click "Navigator" button or press key board shortcut keys "Ctrl+N"
Choose 'Indicators' from the Navigator window (Double Click)
Step-by-Step: Accessing the Trading Indicators Menu on the Navigator
Expand the menu by clicking the magnify button tool sign '+' or doubleclick the "indicators" menu, afterwards this particular given button will then now appear and be shown as (-) & will now be revealed as a list such as shown below.
From the Above window then you definitely can region any indicator that you as a dealer need on the chart.
Setting and Placing Zigzag Indicator on a Chart
Step 1: Select/Choose the Zigzag button on the MetaTrader 4 list of indicators just as is shown below:
Step 2: Doubleclick Zigzag Button, and click ok button to add it on the forex chart such as shown and portrayed:
Edit Zigzag Forex Indicator Setting
To Change Settings, right click in Zigzag, select properties and then edit settings using popup menu which pops and click ok after you have changed settings.
The Subsequent Dialog Box Appears, Allowing Customization and Modification of the Zig Zag Indicator's Parameters.
More Lessons:
- Buy Sell MT4 XAUUSD Indicators for Android
- How Leverage Greatly Increases XAU USD Profits and XAUUSD Losses
- How to Draw a FX Trendline on a Chart on MT4 Software
- US 500 Indices Strategy Tutorial Lesson Download
- Reversal Patterns: Head and Shoulders and Inverted Versions
- Procedure for Adding the FRA40 Index to the MT5 Platform
- How Do I Trade Forex Pairs Quotes?
- How Can I Add USDPLN Chart to MT4 Platform Software?
