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

level_zz.gif

To familiarize with other my works it is possible here My works
Good Luck

Attached Files

3_Level_ZZ_Semafor.mq4 (7.8 KB, 3320 views)

Hi,

Very interesting indicator. Thanks!

How many bars back it repaints (or does it?)

Looks good but I think it will repaint as it seems to be based on zigzag code

Last semaphore always moves together with by the price until then will not be fixed yet

2 fixing type:

1. Level of the price. Yet will not break through levels of first or second previous semaphores
2. Acoording time. If the last semaphore long time is between two previous, through a time interval, there will be its fixing.

Thanks, Good luck

Thanks, the indicator looks good at 4 H and EOD, what you think about it?

I have another type indicator. It's calculate the waves of different periods and then fixed pivots.
But this Algorithm is included to acomplex indicator Wave_AutoTrendLines

does it repaint?

Look previous comments

Please can you post Wave_AutoTrendLines?

Ok, But in other thread.