The indicator marks the highest and lowest of the course if the prices exceed a predetermined threshold without taking into account the variations below the predetermined threshold.
Interpretation Signals And Rules Of Trading
The last point Semafor moves with the price be
fore settling.
The Semafor point can be set to a price level or a predetermined time interval.
- Buy signal
. Indicator 3 Level ZZ Semafor mark lower: Semafor formation of a point below the price of chandelier - The prices mark a bottom early downtrend
- sell signal
. The 3 Level ZZ Semafor indicator marks a above: Semafor formation of a point above the price of chandelier - The prices mark a higher, early bearish trend
analysis Trading
Trade - Example
Exchange
Currency Forex - GBP Cross / USD
Time Frame: 8 Hours - H8