![]() The zigzag arrow indicator is based on the theory that prices move in cycles, and that these cycles can be identified and used to predict future price movements. ![]() When the arrow line crosses above the zigzag line, it is interpreted as a buy signal and when the arrow line crosses below the zigzag line, it is interpreted as a sell signal.Ī zigzag arrow indicator is a technical analysis tool that is used to predict future Zigzag indicator MT4 price movements of a security. ZigZag Arrow Indicator to Identify Uptrend and Downtrends The zigzag line is a simple moving average (SMA) of the security’s price and the arrow line is a moving average of the zigzag line. The indicator is composed of two lines, the zigzag line and the arrow line. The zigzag arrow indicator is a technical analysis tool used to identify potential reversals in the price of a security. ![]()
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