![Market Structure Indicator with Zigzag MT4 Download – Free – [TFlab]](https://cdn.tradingfinder.com/image/501762/13-200-en-market-structure-inducement-and-sweep-with-zigzag-mt4-01.webp)
![Market Structure Indicator with Zigzag MT4 Download – Free – [TFlab] 1](https://cdn.tradingfinder.com/image/501749/13-200-en-market-structure-inducement-and-sweep-with-zigzag-mt4-02.webp)
![Market Structure Indicator with Zigzag MT4 Download – Free – [TFlab] 2](https://cdn.tradingfinder.com/image/501760/13-200-en-market-structure-inducement-and-sweep-with-zigzag-mt4-03.webp)
![Market Structure Indicator with Zigzag MT4 Download – Free – [TFlab] 3](https://cdn.tradingfinder.com/image/501761/13-200-en-market-structure-inducement-and-sweep-with-zigzag-mt4-04.webp)
The Market Structure and Liquidity Sweep with Zigzag indicator is designed based on concepts such as Change of Character (CHoCH), Break of Structure (BOS), and Inducement (IDM).
In addition to the above, this trading tool uses the Zigzag algorithm to display the price movement path and its key points.
Specifications Table Market Structure Inducement & Sweep with Zigzag
The specifications of the Market Structure and Liquidity Sweep with Zigzag indicator are as follows:
|
Indicator Categories:
|
ICT MT4 Indicators
Smart Money MT4 Indicators
Liquidity MT4 Indicators
|
|
Platforms:
|
MetaTrader 4 Indicators
|
|
Trading Skills:
|
Advanced
|
|
Indicator Types:
|
Reversal MT4 Indicators
|
|
Timeframe:
|
Multi-Timeframe MT4 Indicators
|
|
Trading Style:
|
Day Trading MT4 Indicators
Scalper MT4 Indicators
Swing Trading MT4 Indicators
|
|
Trading Instruments:
|
Share Stocks MT4 Indicators
Indices Market MT4 Indicators
Commodity Market MT4 Indicators
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators
|
Market Structure Inducement & Sweep with Zigzag At a Glance
This indicator identifies the overall trend direction by analyzing price swing points. These points are:
- Higher Highs (MHH)
- Higher Lows (MHL)
- Lower Highs (MLH)
- Lower Lows (MLL)
Bullish Trend Conditions
Based on the Binance Coin (BNB) chart, first a market Change of Character (CHoCH) occurred, followed by upward movement.
Then, the presence of Breaks of Structure (BOS) along with higher lows and higher highs confirms the bullish trend.
Additionally, minor pullbacks occur solely for liquidity grabs (LQDT) before moving toward higher targets.
Bearish Trend Conditions
According to the AUD/USD chart analysis, a bearish Change of Character occurred, indicating the start of a downward trend.
Subsequently, the formation of lower highs and Breaks of Structure in the downward path confirms the continued strength of sellers.
Indicator Settings Market Structure Inducement & Sweep with Zigzag
The settings of the Market Structure and Liquidity Sweep with Zigzag indicator are as follows:
- Candles to check: Number of candles for market structure analysis
- Swing CHoCH: Distance or sensitivity for Change of Character detection
- Swing BOS: Sensitivity for Break of Structure detection
- Swing Inducement: Criteria for price inducement identification based on distance and movement intensity
- Showing the zigzag: Display of Zigzag lines on the chart
Conclusion
The Market Structure Inducement & Sweep with Zigzag indicator is built upon advanced ICT concepts and, combined with the Zigzag algorithm, visualizes the market trend direction.
By accurately identifying Change of Character (CHoCH), Break of Structure (BOS), and Inducement, it simplifies market analysis and trade setup identification.
Market Structure Indicator with Zigzag MT4 Download PDF
Market Structure Indicator with Zigzag MT4 Download PDF
Click to download Market Structure Indicator with Zigzag MT4 Download PDF
Does this indicator provide entry and exit signals?
No, the Market Structure Inducement & Sweep with Zigzag indicator does not generate trading signals.
Can this tool be used in cryptocurrency markets?
Yes, it can be applied in all markets.