Butterfly Full MT4

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
Do you want to automatically receive an 85-90% auto-rebate on every trade and earn much more from trading? Look here

Butterfly Full MT4 non-repainting, classic ZigZag indicator for MetaTrader 4, powered by the standard ZigZag algorithm with fully customizable parameters:

• ExtDepth = 32 – minimum number of bars between peaks/troughs
• ExtDeviation = 3 – minimum price change (in pips) to form a new leg
• ExtBackstep = 12 – maximum bars to “look back” and correct previous points

Visual signals:

• Lime arrows (↑) – Swing Lows (potential Buy zones)
• OrangeRed arrows (↓) – Swing Highs (potential Sell zones)

Key Features:

• Draws clean fractal-based trend lines connecting significant highs and lows
• Filters market noise, highlighting only meaningful price swings
• Works on all timeframes & instruments (Forex, Gold, Crypto, Indices)
• No repainting – arrows appear only after confirmation
• Lightweight, fast, and 100% free

How to use:

• Buy near Lime (↑) arrows at swing lows (support)
• Sell near OrangeRed (↓) arrows at swing highs (resistance)
• Combine with RSI, MACD, or support/resistance for higher accuracy