Author: asystem2000
If you're looking to enhance your trading game, the 3_Level_ZZ_Semafor indicator is a straightforward tool that highlights the highs and lows across different time frames using semaphore dots. It's a fantastic way to visualize market trends!
The brains behind this indicator, asystem2000, explains:
The zigzag calculation relies on the standard algorithm found in the client terminal's \\Examples\\ZigZag.mq5. This indicator was crafted while developing an algorithm for an Expert Advisor based on the "folding rule by Likhovidov." It’s a nifty way to pinpoint market reversals.
Curious about the "folding rule by Likhovidov"? You can dive into the details here. Just a heads up: this indicator can redraw at its latest extreme values since it utilizes the Zigzag indicator algorithm.
Initially developed in MQL4, the 3_Level_ZZ_Semafor was first published on Code Base at mql4.com on January 9, 2008.
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