Kwan Zig Zag is a free mt4 (Metatrader 4) indicator that provides rapid trading signals for scalping purposes.
The indicator appears in a separate MT4 chart window as a bi-colored buy & sell signal line.
The Kwan Zig Zag indicator can be used in multiple ways.
Buy & sell signal idea:
- Open a buy trade when the signal line turns blue and the overall trend is rising.
- Open a sell trade when the signal line turns red and the overall trend is declining.
- Reverse the position whenever an opposite signal occurs on the chart.
The Kwan Zig Zag indicator can be used for both trade entry and exit or mixed together with your own favorite trading strategy for improved performance.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download:
Download the “Kwan.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Kwan Zig Zag mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Kwan Zig Zag Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signals
Repaint? No.
Download Now:
Download the “Kwan.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Kwan.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
