Forex KNJ ZigZag with Value MT4 Indicator

KNJ ZigZag with Value indicator for MetaTrader 4 – The ZigZag indicator is used to help identify price trends. The indicator eliminates random price fluctuations and attempts to show trend changes.

Trading NOTES

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Input Settings:

• ExtDepth=12;
• ExtDeviation=5;
• ExtBackstep=3;
• PivotsColor=Magenta; => Color of pivot value/Swing value
• ZigZagLineShow=True; => To show (True) or hide (false) zigzag line
• PivotsValueShow=True; => To show (True) or hide (false) highs/lows Value
• SwingValueShow=False; => To show (True) or hide (false) swing Value

ZigZag lines only appear when there is a price movement between a swing high and a swing low that is greater than a specified percentage; usually 5%.

By filtering out minor price movements, the indicator makes trends easier to spot.

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