The stock indicator 3 Level ZZ Semafor is based on ZigZag indicator and mark the Semaphores points on the maximum and minimum of three distinct periods : short-term quick period, medium-term period and long slow period.
Compatible version Metatrader MT4 Build and B600 (nmc: New metatrader compliant)
included
3_Level_ZZ_Semafor nmc.mq4
Broker Online - Broker Stock Exchange : Trading Platform Metatrader MT4
Interpretation Rules - Signals From Trading
* Buy signal: Feeling bullish trend
. The 3 Level ZZ Semafor indicator marks a lowest (trough): Semafor formation of a point below the price of chandelier - The prices mark a bottom early uptrend
* Selling signal: Feeling bearish trend
. Indicator 3 Level ZZ Semafor brand a higher (peak): Semafor formation of a point above the price of chandelier - The prices mark a higher, early bearish trend
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Time unit UT - Time Frame: 1 Minute M1
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