Post Zigzag Indicator

Post Zigzag Indicator

Post Zigzag Indicator For MT4 plots failed higher highs and lower lows of ZigZag, helps forex traders identify additional support and resistance

The Post ZigZag indicator for MT4 plots the previous highs and lows in a zigzag wave. ZigZag waves recalculate if the price makes new higher highs in an uptrend or lower low could turn into a trading opportunity. As a result, ZigZag traders will get multiple trading opportunities and early entry signals in an upcoming wave.

The indicator is simple to use and easy to understand, however new forex traders should understand the recalculating nature of ZigZag. On the other hand, advanced forex traders can use this indicator to formulate advanced forex trading strategies.

Post Zigzag Indicator For MT4 Trading Signals

The indicator plots red zigzag lines and blue vertical lines on higher highs and yellow vertical lines on lower lows. These are failed higher highs and lower lows that previously formed as a ZigZag wave. The purpose of this indicator is to help the trader enter the market at these positions.

The trading strategy is to enter these positions with a smaller risk and look for the trade to materialize into a zigzag wave. In fact, many traders enter at these levels and exit them once the indicator recalculates.

Another important feature of this failed higher highs and lower lows is the potential for them to act as support and resistance. These lines act as an amazing support and resistance and help forex traders identify best entry points. Furthermore, these support and resistance may change to resistance and support while price moves in the opposite direction and help traders discover them.

Conclusion
In summary, the post ZigZag indicator for MT4 helps forex traders using ZigZag to find multiple entry opportunities.