Introduction to the Zig Zag Larsen Arrows Indicator
The Zig Zag Larsen Arrows indicator is, as the name suggests, a simple buy/sell arrows forex indicator.
By default, the Zig Zag Larsen Arrows indicator provides large amount of signals. That noise is too much, but fortunetely a trader can reduce that noise a make that forex indicator more profitable and reliable.
Simply go to the settings tab and set “NoiseLevel” value higher, for example, set it to 150.
It fits all kinds of timeframes and currency pairs.
The indicator 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.
You can use the Zig Zag Larsen Arrows Indicator as a standalone trading tool, but we suggest using it in conjunction with some technical analysis filters, like moving average indicator.
How to set up the Zig Zag Larsen Arrows indicator in MT4?
Download the Zig Zag Larsen Arrows.rar archive at the bottom of this post, unpack it, then copy and paste the Zig Zag Larsen Arrows.ex4 or Zig Zag Larsen Arrows.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 Zig Zag Larsen Arrows 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.
Download Free Forex MT4 Zig Zag Larsen Arrows Indicator
To download the Zig Zag Larsen Arrows Indicator for Metatrader 4 (MT4) for free just click the button below: