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Home » Swing High Swing Low Indicator Mt4 (DOWNLOAD LINK)

Swing High Swing Low Indicator Mt4 (DOWNLOAD LINK)

This  swing high swing low indicator mt4 shows you the swing highs and swing lows of price action as it moves up and down in bullish and bearish trends.

This indicator for forex traders is actually a zigzag indicator and it is a lot better than the default zigzad indicator you would find in your mt4 charts.  The indicator plots using the highest and lowest prices of the price swings.

From this swing high swing low indicator, you then can identify:

  • support and resistance levels.
  • draw trendlines
  • draw channels
  • and even other chart patterns like descending or ascending triangle depending on the indicator settings.

swing high swing low indicator mt4


How To Draw Trendlines With The Swing High Swing Low Indicator

For upward trendlines, you need a minimum of 2 blue dots and you can draw a trendline, like this:

Swing Indicator

For downward trendlines (to indicate downtrend), you connect a minimum of two red dots, like this using swing high candlestick:

swing indicator mt4


How To Draw Channels With The Swing High Swing Low Indicator

You can also use the swing high low indicator to draw:

  • upward price channels
  • downward price channels
  • sideways price channels

Here’s an example of drawing an upward price channel:swing trading indicator drawing upward price channel

The Swing High Swing Low Indicator Is Also Useful For Helping You Draw Price Chart Patterns

This swing high low indicator can also help you identify price charts. An example is this ascending triangle chart here that is being formed:

swing trading indicator for highs and lows


Swing High Low Indicator MT4 Download Link

Finally, here’s the download link for the swing high low indicator: Swing_ZZ


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2 thoughts on “Swing High Swing Low Indicator Mt4 (DOWNLOAD LINK)”

  1. Using the Swing_ZZ indicator on live chart becomes very Very VERY slow. On strategy tester it is slow but on live charts it becomes very slow. Any work-around around this problem???

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