Zig Zag Exit Indicator

Platform: MT4 Type: Channel

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Last update: October 19, 2024

The ZigZag Exit Indicator for MT4 can be considered as a dual zig-zag. In comparison to the regular one, this is an unqiue approach as it uses both low and high points. Together is creates a channel-like formation. As a rule of thumb, the buy opportunities happen at low points and short opportunities take place at high points.

Please note that this is a lagging indicator, therefore in order to achieve best results it should be rather combined with a system that provides leading signals.

Example chart:

zig zag exit example chart