If you're looking to elevate your trading game, the 3-Level ZZ Semafor indicator might just be what you need. This nifty tool places semaphore points on the highs and lows across different time frames—high, medium, and low. It’s a visual treat that can help you spot trends at a glance!
The magic behind this zigzag calculation comes from an algorithm developed by klot. Let’s dive into the main settings that make this indicator tick:
Main Settings
- Period1 = 5: Set your periods here. If you want to remove a semaphore, just set it to 0.
- Period2 = 13;
- Period3 = 34;
Deviation and Step Settings
- Dev_Step_1 = "1,3": This sets the deviation and step for each period. It’s similar to the classic Zigzag setup and requires two figures, separated by a comma.
- Dev_Step_2 = "8,5";
- Dev_Step_3 = "21,12";
Customizing Semaphore Symbols
- Symbol_1_Kod = 140: You can change the semaphore symbol on your chart. This number corresponds to the current symbol code.
- Symbol_2_Kod = 141;
- Symbol_3_Kod = 142;
This indicator was crafted during the development of an Expert Advisor based on the “folding rule by Likhovidov” system. If you’re curious about the algorithm's creation, check it out here.
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