Candle ZigZag

Candle ZigZag MT5 indicator for multiple cycles. The indicator helps to identify potential trading opportunities in different time frames.

Candle ZigZag is an indicator which changes its leg if a candlestick color changes

It supports Period of 1 while default ZigZag in Example folder does not work for period 1.

it helps trader to analyze chart in flat mode unlike line chart which has curve in price movement. Close mode can be enabled disabled.

Line chart vs Candle ZigZag with close mode = true

How to install Candle ZigZag Indicator in MetaTrader 5 Forex Trading Platform?

• Extract the downloaded Candle ZigZag Indicator.zip file.
• In the MetaTrader 5 trading platform, go to the “File” menu and click “Open Data Folder”.
• Navigate to the MQL5 folder and open the Indicators folder.
• Paste the Candle ZigZag Indicator.ex5 file(s) into the Indicators folder.
• Restart the MetaTrader 5 platform.