Introduction to the Fractal Zigzag No Repaint Indicator
The Fractal Zigzag No Repaint Indicator is simple but very helpful in forex trading as it displays buy and sell trading arrows. The indicator is a result of Fractals and the original ZigZag indicator combination without any additional filtering. The most important thing is the fact that the Fractal Zig Zig Indicator is truly no repaint – so it never ever repaints its past signals and therefore is useful to learn the real behavior of the ZigZag Fractals as a trading tool over time in the real market conditions.
The Fractal Zigzag No Repaint Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Fractal Zigzag No Repaint indicator in MetaTrader (MT4)?
Download the Fractal Zigzag No Repaint.rar archive at the bottom of this post, unpack it, then copy and paste the Fractal Zigzag No Repaint.ex4 or Fractal Zigzag No Repaint.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Fractal Zigzag No Repaint indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 Fractal Zigzag No Repaint Indicator
To download the Fractal Zigzag No Repaint Indicator for Metatrader 4 (MT4) for free just click the button below: