3_Level_ZZ_Semafor (indicator for MT4) - Page 24

xard777 · #**231** (**permalink**) 09-23-2009, 09:44 PM

Quote:

Originally Posted by Jenks09

can you pls explain the reasons of using each?

I generally trade of m5/m15.

you use 2 settings? for different timeframes?

also, what is that Dev_Step_1 etc...param?

thanks.

param for dev setup I usually keep to 2 & 5

settings...
36,2,5
60,2,5
156,2,5

The only reason I chose those settings is that normally zigzag settings are defaulted to 12 so if 12 was the base to work from I just thought I would add a fibo sequence to the semafor....3,5,13 (I tried 3,5 & 8 but the 8 was not big enough for the market turns so next in the sequence was 13 and it worked out ok).

3 x 12 = 36
5 x 12 = 60
13x 12 = 156

Now it seems to work out quite nice on all timeframes.

But I suppose if you want to capture a lot more turns then set the first number from 36 to 18 and then add a zigzag with setting 18,5,2 and it will draw on all the turns or if you leave it at 36 then set your zigzag to 36,5,2 and I use rsioma v3 to confirm the turns and weed out false signals.

Below is an example chart showing 3 semafor settings 18,60,156 and the zigzag set to 18,5,2

Xard777

bnbb2004 · #**232** (**permalink**) 09-24-2009, 06:53 AM

Quote:

Originally Posted by xard777

Wait for the first pullback and then look at entering the market.

Xard777

Xard777 or anyone,

Could you please tell me or post the indicator in your pick? It is the magenta and blue horizontal lines. TIA!

dofoll · #**233** (**permalink**) 10-08-2009, 03:41 AM

does anybody know how to read this 3 level zz semafor indicator

fionafarhana · #**234** (**permalink**) 11-15-2009, 04:08 PM

thank you for sharing this indicator.

QUOTE=asystem2000;180400]Hi all,

Here is on one of my selfmade indicator.
3_Level_ZZ_Semafor- The indicator which deduces extreme points of maxima and minima of the senior, average and small period on the price chart. It’s created on the basis of improved ZigZag algorithm

Attachment 52553

To familiarize with other my works it is possible here My works
Good Luck[/quote]

ankero · #**235** (**permalink**) 11-16-2009, 02:05 AM

Hello, you could post the indicator at the bottom of the chart, thanks

kaori · #**236** (**permalink**) 11-18-2009, 09:41 PM

Zard77,

May I ask how did you manage to paint your RsiOma indicator with bullish and bearish colours as attatched picture shows it out.

Could you please provide your template for it for example. I know the indicator won´t do it - I have it.

Regards,

Kaori

xard777 · #**237** (**permalink**) 11-19-2009, 03:17 AM

Quote:

Originally Posted by kaori

Zard77,

May I ask how did you manage to paint your RsiOma indicator with bullish and bearish colours as attatched picture shows it out.

Could you please provide your template for it for example. I know the indicator won´t do it - I have it.

Regards,

Kaori

I loaded this indicator first, then dragged the rsioma over it

Xard777