The ZigZag Pointer Indicator for MT4 is an advanced version of the traditional ZigZag tool that highlights price reversal zones with arrows instead of drawing zigzag lines across the chart. This innovative approach gives traders a clear and chart-friendly view of swing highs and lows while preserving space for technical analysis.
By displaying arrows at key reversal points, the indicator helps traders identify potential support and resistance levels, trend direction, and possible buy or sell entries, making it suitable for both novice and experienced forex traders.
Lime arrows indicate swing highs
Red arrows indicate swing lows
These arrows mark significant price reversal points where the market changes direction, allowing traders to anticipate potential movements and plan trades accordingly.
Unlike traditional ZigZag indicators, the ZigZag Pointer does not clutter the chart with lines. This design makes it easier to combine with other technical tools such as trend lines, moving averages, or oscillators, providing a clean trading workspace.
The arrows can be used as trade entry signals when the market is in an established trend:
Lime arrows: Potential buy entry signals during an uptrend
Red arrows: Potential sell entry signals during a downtrend
Traders should confirm trend direction before relying on arrow signals to avoid false entries in sideways markets.
The first step is to determine whether the market is in a bullish or bearish trend. You can use moving averages, trend lines, or other indicators to confirm the trend.
The ZigZag Pointer identifies swing highs and lows, which act as potential support and resistance levels.
Breaks above previous swing highs (lime arrows) indicate trend continuation upwards
Breaks below previous swing lows (red arrows) indicate trend continuation downwards
Once the trend direction is confirmed:
Enter buy trades near lime arrows in an uptrend
Enter sell trades near red arrows in a downtrend
For added accuracy, combine the ZigZag Pointer with other technical tools, such as RSI or MACD, to confirm trend strength or detect overbought/oversold conditions.
Chart-Friendly – No zigzag lines clutter the chart
Easy to Use – Visual arrows simplify swing identification
Supports Trend Trading – Provides clear buy and sell entry points
Free to Download – Easy to add to any MT4 platform
Versatile – Suitable for beginners and advanced traders alike
The ZigZag Pointer Indicator for MT4 is a practical and innovative tool for spotting price reversals, swing highs and lows, and potential support and resistance zones. Its arrow-based design keeps charts clean and makes it easy to identify buy and sell entry points during established trends.
The indicator is free to download and ideal for traders seeking a clear and user-friendly ZigZag solution. For more free MT4 indicators, visit IndicatorForest.com to explore our library of technical trading tools
Published:
Nov 16, 2025 12:11 PM
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