Zig Zag Corridor Indicator
Platform: MT4 Type: Market Levels Last update: November 13, 2024The Zig Zag Corridor Indicator for MT4 is, as the name suggests, a zigzag indicator but it additionally draws a price channel on the chart. You can think about plotted lines in terms of support and resistance levels, as well as take profit targets.
The are three types of channels, starting with the highest probability of reaction:
- bold red
- orange
- light blue
Example chart:
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