{"id":3017,"date":"2020-02-27T15:00:00","date_gmt":"2020-02-27T12:00:00","guid":{"rendered":"https:\/\/roboforex.com/blog\/?p=3017"},"modified":"2026-05-26T10:53:10","modified_gmt":"2026-05-26T07:53:10","slug":"trading-with-zigzag-settings-and-use","status":"publish","type":"post","link":"https:\/\/roboforex.com/blog\/blog\/2020\/02\/27\/trading-with-zigzag-settings-and-use\/","title":{"rendered":"How to Trade with ZigZag Indicator: Settings and Use"},"content":{"rendered":"\n

In this review, we will discuss a popular forex<\/a> indicator called ZigZag. This indicator makes it easier to interpret charts, showing important price changes, and helps to carry out tech analysis<\/a>.<\/p>\n\n\n\n

<\/span>What is ZigZag and is it helpful?<\/span><\/h2>\n\n\n\n

ZigZag is quite a popular indicator featured by many trading platforms, including MT4 and MT5. The indicator is a broken line linking lows and highs on the price chart. As long as ZigZag is drawn through the most important highs and lows, it is very easy to use for price chart analysis.<\/p>\n\n\n\n

ZigZag links highs and lows on the chart in accordance with the settings. You must keep in mind that the last line of the indicator remains incomplete until the last high or low is formed.<\/p>\n\n\n\n

ZigZag helps analyze the price movement on the chart. Traders who use Elliott waves<\/a> in their strategy, often use ZigZag as well to identify waves. It helps to filter minor \"noise\" on the chart and to define current wave structure (motive or corrective).<\/p>\n\n\n\n

Also, ZigZag will help define the actual trend and draw trendlines<\/a>. With it, it is easier to find technical support and resistance<\/a> levels, price and tech analysis patterns<\/a>. As a rule, ZigZag supplements tech analysis or helps find trading signals<\/a> along with other indicators<\/a>.<\/p>\n\n\n\n

\"ZigZag<\/a><\/figure>\n\n\n\n
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<\/span>Characteristics and settings<\/span><\/h2>\n\n\n\n

On popular trading platforms MetaTrader 4<\/a> and MetaTrader 5<\/a>, ZigZag applies on the chart of an instrument via the Main menu: Insert - Indicators - User - ZigZag.<\/p>\n\n\n\n

A standard ZigZag has three main settings:<\/strong><\/p>\n\n\n\n