ZigZag Channel

 The ZigZag Channel indicator combines the ZigZag indicator used to draw and better identify the highs/lows that the price makes with a price channel drawn on the the chart by the zigzag movements that the price makes. This way the traders, especially those trading with the trend or trading breakouts, can better identify the best time to enter their trades.

ZigZag Channel indicator for Metatrader

The settings are very easy, and the indicator has the options to customize the way the channel looks and to set alerts whenever the price breaks out of the price channel.

ZigZag Channel settings

ZigZag Channel Indicator 4 MetaTrader

You can download this Metatrader indicator free from here.


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