＜MTF Compatible＞ Zigzag that makes trends immediately visible through color coding

This product is aTrial version.
Please use it for pre-operation confirmation.

	Version	Description	Price
	Standard Version	No restrictions	1,800 yen
	Trial Version	With the following restrictions ・Can be used for only 10 minutes after the indicator is introduced ・Can only be used on a demo account	Free

Overview

Is it time to aim for buying? Or selling?
Trend? Range?
＞I want to reduce the worries of chart analysis

This tool extends the standard zigzag function included in MT4,allowing for visual and intuitive chart analysis.

Trends are instantly recognizable! Two-color coding

　Based on Dow Theory, the zigzag is color-coded based on the swing highs/lows.
Additionally, you can draw lines at the currentswing high or swing low, as well as the highest or lowest price.

Colors can be changed to any desired color in the settings.
Zigzag can be selected based on body or wick.
This indicator recommends drawing based on the body. (Because the body is often more important for analysis)

Price lines can also be used hidden. (There is a toggle function for display/hide with a key press)

Multi-timeframe analysis on a single chart

You can simultaneously draw the zigzag of any higher timeframe within the same chart.
It is also possible to use just one zigzag.

A friend for entry decisions
　　Granville's Lawallows for more visual and intuitive judgment of trading patterns!

An example

・Judgment of buy/sell direction based on the color (trend) of the higher timeframe
・Capture small reversals from the zigzag of the entry candle and enter

＞This basic analysis is supported by this indicator.

Simple backtesting function

By pressing the setting key, you can perform simple backtesting from the current display position (date and time at the right end of the chart).
You can easily observe changes in swing highs/lows at that time and how the zigzag is formed.
Other charts can also be linked to move together. (Can be changed in settings)

The future chart does not become invisible from the reference position. It simply moves the display position.

Introduction of unique zigzag judgment logic

More detailed explanations are included in the accompanying manual.

A mechanism that makes it easier to form intuitive peaks (valleys) than a standard zigzag
The granularity of a typical zigzag is almost determined by "Depth".
However, price movements have various shapes, and there are cases where adjusting "Depth" does not yield the expected waves.
Such situations may arise.

Typical zigzag

A granularity of around "Depth: 12" is good, but many waves are ignored.
If set to "Depth: 7", it becomes too fine.
　　

This indicator uses unique logic,making it easier to draw natural zigzags.
While adjustments have been made to capture the intended waves more easily than a typical zigzag,
it is not AI, so there may still be some awkward areas.

Does not repaint confirmed peaks (valleys)
This tool does not set one of the parameters found in typical zigzags, "Backstep".

Since it is intended to be a tool for real-time analysis, the previous peak (valley) may be deleted, and repainting may occur,
which could potentially cause confusion in entry decisions.
Repainting may delay entry decisions or occur after an entry has already been made,
which could hinder performing similar analyses as in the past.
Even without repainting, the zigzag can be drawn without issues.
（Strictly speaking, there may be slight changes in the positions of peaks (valleys), but this indicator does not concern itself with that.)

Other convenient features

By setting a key, you can toggle thedisplay/hideof the zigzag.
（Depending on the settings, the zigzag of other charts can also be toggled together.)

By setting a key, you can toggle thedisplay/hideof the price line.
（You can select the toggle targets such as only higher timeframes, only display timeframes, or all.)

Operating Environment

　Windows 11
　MetaTrader 4 (MT4)
　It can also run on Windows 10. No confirmation of operation on other OS has been conducted.

Others

　A manual (pdf) is included.

Introduction of free indicators

　In addition to this indicator, several free indicators have also been created.
　Due to Gogojungle's specifications, free indicators do not appear in the "Currently Listed Products" list.
　They are summarized in the following article, so please take a look.
　　Introduction of [Free Indicators]

Zigzag that shows trends at a glance [KD_ZigZagTrend] [Trial Version]