IndicatorMT4FREE
ZigZag Colored
Classic ZigZag indicator with distinct trend colors
Chart screenshots
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ZigZag Colored is a helpful visual enhancement to the standard MetaTrader ZigZag indicator. It paints the upward and downward legs of the ZigZag in different colors, making it instantly clear to identify market trends, highs, and lows at a glance. Ideal for wave analysis and finding support/resistance levels.
Editions & Platforms
| Platform | Price | MQL5 |
|---|---|---|
MT4 | FREE | Download from Market |
Key Features
- ✓Dual-color visualization for up and down legs
- ✓Standard ZigZag parameters (Depth, Deviation, Backstep)
- ✓Lightweight and fast execution
- ✓Perfect for Elliott Wave or Dow Theory traders