The Zigzag Close Indicator is a popular and free Forex MT4 indicator that is useful for all traders. This indicator is designed to help traders identify potential entry and exit points in the market. It uses a combination of price action, trend lines, and Fibonacci retracements to identify price reversals and shifts in momentum. The indicator plots a zigzag line on the chart that follows the price action and highlights potential entry and exit points. It is a useful tool for traders who are looking for an edge in the Forex market.