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

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

	Version	Description	Price
	Standard version	No restrictions	1,800 yen
	Trial version	With the following restrictions ・Available for use only for 10 minutes after the indicator is introduced ・Available for use only on demo accounts	Free

Introduction

What are you doing FX for?

To make money; probably no one would answer anything else.
And it is natural to want to earn money easily if possible.

What will you do for that?
Buy an EA that seems profitable, buy educational materials that claim high win rates.

Think about it.
If everyone who bought those could make profits in the same way, everyone would be rich.
In reality, even if you buy them, very few people can actually earn money.

Yes, FX is not that simple.
The way to be able to make money in FX is to study on your own and engage in discretionary trading; there is no other way.

The principles of the market have not changed at all, now or in the past.
Acquire basic knowledge and continue to study the actual market.
Thinking is the job of an FX trader.

Overview

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

This tool expands the zigzag function that comes standard with 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 retracement highs/lows.
Additionally, you can draw lines at the currentretracement high or low, and the highest or lowest point.

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. (As the body is often more important for analysis)

Price lines can also be used hidden. (There is a toggle function to show/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 judgment
　　Granville's Lawallows for more visual and intuitive judgment of trading patterns!

An example

・Judging buy/sell perspectives according to the color (trend) of the higher timeframe
・Capturing small reversals from the zigzag of the entry candle and entering

＞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 edge of the chart).
You can easily observe how the retracement highs/lows changed at that time and how the zigzag was formed.
Other charts can also be moved in sync. (This can be changed in the 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 regular zigzags
The granularity of typical zigzag waves is almost determined by "Depth".
However, price movements have various shapes, and there are situations where adjusting "Depth" does not yield the expected waves.
Such situations may arise.

Typical zigzag

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

This indicator uses a unique logic,making it easier to draw a zigzag that feels natural.
It is adjusted to capture the intended waves more easily than typical zigzags, but
since it is not AI, there may still be some areas that feel unnatural.

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

It is designed to be a tool for real-time analysis, so the previous peak (valley) is deleted and repainting
can cause confusion in entry judgment in some cases.
Repainting can delay entry judgment or occur after already entering,
and it may hinder performing similar analyses as in the past.
Even if it does not repaint, 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 mind.)

Other convenient features

By setting the key, you can toggle thedisplay/hideof the zigzag.
（Depending on the settings, you can also toggle the zigzag of other charts in sync.)

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

Operating Environment

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

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 list of "products currently for sale".
　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]