see first post...
The Semifor repaints badly and always looks good in hindsight. Just ask Code Muncher.
This may be true, but if you know before hand that it repaints you are not going to jump in head first.
This is why it is always best to test a system on a demo account first. Some people can trade very well on indi's that repaint while others just can't no matter what they do or get told.
Good luck with this system Xard777.
Semafor, any zigzag based indicator, or any other dynamic indicator, repaints and moves. So does price itself. I believe that what Xard777 is presenting here is, to quote him: "something I have been playing with for sometime" and offering it to TSD readers for their own demo evaluation. Looking at it from a historical chart, like any other system, would look great. Xard has tested it in live data as he should have and stated it in his first post. Give the system time to work for you. Watch it this week on real time, observe the repainting, be mindful on where your possible and actual trade entries are. Develope your good eye on price movement. Be aware of the market flow.
Xard has done a very good job with his modified version of the Semafor and its accompanying indicators, as he has done with Murray Math. TRO has done a very good job with his modified version of the Semafor also. Inspite of whatever other indicators you put on with it, the darn Semafor, zigzag, peak and low points will move depending on the intensity of the market direction, the influence of the bulls and the bears. Thus, we have the breakout of the S/R or the FTB - failure to break resulting to a bounce. The dream of trading the tops and bottoms will just turn your trading adventure into a nightmare. Stick to the basic. Give Xard777 and this new system to develope, evolve. Discuss it positively while bringing up some constructive criticism to it and solution to what you see could be a problem.
Yes, the darn Semafor repaints and that settles that. Go on, test this system, give it time, if you like it. If not, test what you like. There are plenty to choose from.
The semafor doesn't repaint. Watching it live, you see it move properly. The same as watching an indicator that places an arrow under the current daily low. If price drops and makes a new low, the arrow moves accordingly. That's not repainting, that's updating.
Xard777 is trading a 1-2-3 method using the semafors to trade higher lows or lower highs. A basic system that is profitable.
OK. Let's add updating to repainting, moving, dynamic. Just learn to trade it well and profit from it. It works, just make it work for you.
I don't see anything wrong with your color scheme. What are you trying to accomplish with colors?