3 Level ZZ Semafor
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use 3 Level ZZ Semafor
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
It is a simple indicator that places semaphore points on the maximum and minimum of a higher, medium and lower period.
The basis of the zigzag calculation is the algorithm by .
Main settings:Period1=5; Periods are set. If you want to remove a semaphore, set 0.Period2=13; Period3=34;
Dev_Step_1="1,3"; Deviation and step of each period are set. Two figures comma separated. Deviation and step are like in a simple Zigzag.Dev_Step_2="8,5";Dev_Step_3="21,12";
Symbol_1_Kod=140; The semaphore symbol on a chart can be changed. The figure is the current symbol code.Symbol_2_Kod=141; Symbol_3_Kod=142;
This indicator was written during the current work of creating an algorithm of an Expert Advisor according to the system "folding rule by Likhovidov".
You can read about the creation of the algorithm of "folding rule by Likhovidov" here:
