ZigZag Step Points – indicator MetaTrader 4

Another version of ZigZag, where the step size for changing the direction of the segment is set in price points.

This version has additional options to enable:

  • 1. You can display the level lines that correspond to the last extremes (Maximum / Minimum) of the zigzag.
  • 2. Enable displaying the size of the waves in points. Indicates how many points the price has passed from level to level.


The indicator settings allow you to choose a color for each zigzag element, etc.
Displaying a pure ZigZag:



ZigZag with the level display function enabled:


ZigZag with all additional functions enabled (levels + wavelength in points):

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