Donchian Zig-Zag Indicator for MetaTrader 5
The Donchian Zig-Zag Indicator is a technical analysis tool for MetaTrader 5 that combines Donchian Channel logic with Zig-Zag swing detection. It helps traders visualize market structure, trend direction, and key swing points directly on the chart.
The indicator is designed for traders who focus on trend and structure analysis.
Indicator Logic
The Donchian Zig-Zag Indicator uses Donchian Channel boundaries to identify price extremes and applies Zig-Zag logic to connect significant swing highs and lows. This approach filters minor price fluctuations and highlights meaningful market movements.
The result is a clear and structured view of trend development.
Key Features
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Combination of Donchian Channels and Zig-Zag logic
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Automatic detection of swing highs and lows
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Clear visualization of market structure
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Helps identify trend direction and pullbacks
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Suitable for trend-following and breakout analysis
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Fully compatible with MetaTrader 5
Recommended Use
The Donchian Zig-Zag Indicator is best used as a market structure and trend analysis tool. Traders typically combine it with support and resistance levels, price action, or higher-timeframe bias to improve trade selection.
