The ZigZag MT4 technical indicator with patterns and values mtf alerts nmc is based on a Zig Zag stock market indicator.
Information on the higher and lower price levels marked by the ZigZag indicator (troughs and vertices) is shown on the graph.
Multi Time Frames MTF: An option allows you to select a time frame different from the current time frame for the indicator calculation.
Use several time frame to identify the general trend of the market in the short term and long term and to anticipate the entry and exit points of the trade with a global view of the market.
If the signals correspond to the different time frame, The trading signal is stronger and more reliable.
Time Frame
M1 - 1 Minute (60 seconds)
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 hours
D1 - Daily
W1 - Weekly
MN1 - Monthly
A trading alert (sound, notification, message, e) if the signal to buy / sell
compatible version Metatrader MT4 Build and B600 (nmc: New metatrader compliant)
included
ZigZag_with_patterns_and_values alerts mtf + nmc.mq4
Broker Online - Broker Exchange : Trading Platform MT4 Metatrader
Interpretation Rules - Trading Signals
* Purchase signal: Sentiment trend bullish
. When the ZigZag indicator with patterns and values is rising, it gives a buy signal and identifies an uptrend
Tip: wait until the break higher peak / previous summit to open a long position
* Sale signal : Feeling trend Bearish
. When ZigZag with patterns and values indicator is down, it gives a sell signal and identifies a bearish trend
Tip: wait for the break below the previous low to open a short position
Read more about the rules and trading signals :
