3_Level_ZZ_Semafor (indicator for MT4) - page 37
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Re:i am looking for this indicator
Please can someone help me this type of 3 level semafor shown on the chart attached together with the cycle identifier.Thanks in advance for the esteemed generousity.
EVASPARKLING
Both of those indicators change signals (ZigZag does what it does, while cycle identifier repaint). Combining them would not be a best idea (it would be a kind of a extra repainter)
Please can someone help me this type of 3 level semafor shown on the chart attached together with the cycle identifier.Thanks in advance for the esteemed generousity.
Thanks for the heads up mladen
Looks good but I think it will repaint as it seems to be based on zigzag code
Do not use Semaphore indicator in 1 minute time frame, use it only 1 hour or 4 hour time frame, because this indicator works best in higher time frame to identify reversal point.
you can use semaphore kind of indicators on any timeframe with different settings...but only for estimation...than go to a nice non-repainting MA like hull or Tema and once they confirm "somewhat:)" semaphore signal place your bet...my 2 cents...or wait for a break of previous high/low...
there is a cycle identifier that does Not repaint. it is the "Extreme Spike"
Very powerful
Good hunting
Is this available in multi-timeframe?
TEAMTRADER
there is a cycle identifier that does Not repaint. it is the "Extreme Spike"
Very powerful
Good huntingIs this available in multi-timeframe? TEAMTRADER
TEAMTRADER
That indicator is what in original was Roy Kellys "Cycle Identifier", and it does repaint (even Roy Kelly is explaining that and recommend that it should not be used in signaling mode.) There are several cycle finder version already made mtf, but be careful with them
Thanks MLaden.
I understand the need to take care.
There are obvious filters that can be used to identify any incorrect upper timeframe signals.
I have looked for a MTF semafor type indicator for some time but have not been able to find one.
Regards
TEAMTRADER
TEAMTRADER That indicator is what in original was Roy Kellys "Cycle Identifier", and it does repaint (even Roy Kelly is explaining that and recommend that it should not be used in signaling mode.) There are several cycle finder version already made mtf, but be careful with them
anybody with multi timeframe edition of this ind