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No Lag Zigzag Forex Indicator

    The no lag zigzag Forex indicator for Metatrader 4 connects high and low peaks with a line (see EUR/USD H1 image below).

    High peaks mean resistance levels and low peaks support levels. Consecutive higher high peaks indicate that the market is trending up.

    Consecutive lower low peaks indicate that the market is trending lower.

    You can use this indicator in many ways.

    For example, buy a breakout above a high peak in an up trend and sell a break below a low peak in an down trend.

    Trading Signals


    In an up trend: look to buy near the lowest peak. Look to buy a break above the highest peak.


    In an down trend: look to sell near the highest peak. Look to sell a break below the lowest peak.

    Indicator Preferences

    Currency pairs: Any

    Preferred time frames: Any

    Trading sessions: Any


    Download the NonLagZigZag.ex4 indicator.

    Configurable Indicator Options

    Colors, length, Pctfilter…

    EUR/USD H1 Chart Example


    How to install the No Lag Zig Zag custom indicator in Metatrader 4?

    • Download the NonLagZigZag.ex4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.