If you’ve been around the trading scene, you might have come across a version of the ZigZag indicator that has made its way onto MetaTrader 5. This is the same tool that was once touted as a miracle worker on MetaTrader 4.
Now, let’s get one thing straight: while I believe the ZigZag can be quite handy, the real issue lies in how it’s often misused. It’s crucial to avoid presenting it as something it’s not. Despite its different appearance on MT5, it still functions as a ZigZag indicator, as you can observe in the parallel display.
Just a friendly reminder: treat this tool for what it is—a ZigZag indicator. It’s not meant for generating buy or sell signals!
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