It is a simple indicator that places semaphore points on the maximum and minimum of a higher, medium and lower period.
The basis of the zigzag calculation is the algorithm by klot.
Period1=5; Periods are set. If you want to remove a semaphore, set 0.
Dev_Step_1=”1,3″; Deviation and step of each period are set. Two figures comma separated. Deviation and step are like in a simple Zigzag.
Symbol_1_Kod=140; The semaphore symbol on a chart can be changed. The figure is the current symbol code.
This indicator was written during the current work of creating an algorithm of an Expert Advisor according to the system “folding rule by Likhovidov”.
You can read about the creation of the algorithm of “folding rule by Likhovidov” here: http://forum.profiforex.ru/showthread.php?p=15660#post15660
MT4 Indicators – Download Instructions
3 Level ZZ Semafor is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
3 Level ZZ Semafor provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install 3 Level ZZ Semafor.mq4?
- Download 3 Level ZZ Semafor.mq4
- Copy 3 Level ZZ Semafor.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on 3 Level ZZ Semafor.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator 3 Level ZZ Semafor.mq4 is available on your Chart
How to remove 3 Level ZZ Semafor.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: 3 Level ZZ Semafor