For example, when you add the deviation, the lines will be spread relatively more. The numbers are also in percentages.Ĭhanging the deviation will have an impact on the appearance of the Zig Zag line. As with all indicators, these numbers can be tweaked to suit your trading style. The default numbers of the three are 12, 5, and 3 respectively. The default settings are usually the depth, deviation, and backstep. Example of Zig Zag Indicator The Three Zig Zag Indicator Settings When you apply it, you will see a red line connecting tops and bottoms as shown on the chart below. ![]() The process to do this is relatively simple: On the MetaTrader, just go to the code base, search for the Zig Zag, download it, and then apply it on the chart. As such, a trader must install it from the marketplace. The indicator is not so popular among traders, in fact, it is not provided as a default indicator in most trading platforms like the MetaTrader. The Zig Zag indicator is a trading tool that connects significant bottoms and tops. ![]() When you should include the Zig Zag Indicator in your Trading Strategy.
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