The logic to find peak and bottoms explain:
when Low of the candle(i) bigger than the maximum of (Lips, Jaws, Teeth) we get the peak
when High of the candle(i) lower than the minimum of (Lips, Jaws, Teeth) we get to the bottom
then we calculate highest high and lowest low to draw zigzag
MT4 Indicators – Download Instructions
Waverider Zigzag MT4 Indicator is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.
Waverider Zigzag MT4 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT4 Strategies
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How to install Waverider Zigzag MT4 Indicator.mq4?
- Download Waverider Zigzag MT4 Indicator.mq4
- Copy Waverider Zigzag MT4 Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 4 Client
- Select Chart and Timeframe where you want to test your MT4 indicators
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
- Right click on Waverider Zigzag MT4 Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Waverider Zigzag MT4 Indicator.mq4 is available on your Chart
How to remove Waverider Zigzag MT4 Indicator.mq4 from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader 4 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Waverider Zigzag MT4 Indicator (Free Download)
Click here below to download: