3_Level_ZZ_Semafor (indicator for MT4) - page 33
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It is very similar to 'asystems' 3 level semafor and he is the coder of both. He is indeed a clever person and has my personal admiration.
If you have already downloaded his level 3 semafor, and change the settings to 15/34/55, this gives the identical picture to the #4x3 semafor I have posted -- and these setting work for all timeframes.
I see very little difference in the indicators, just visual affects.
SCALPING - It repaints like all of them but if it is used with the dots/stars as the START of diagonals then this is a safer way to trade. Obviously I use this with momentum indicators for scalping and it gives more credibility to the moves.
Hope this helps.
Regards
TEAMTRADERHi TeamTrader,
Please post the stars/dots indicator.. I dont believe it has been posted and it seems essential to your method.
Thank you.
Theo
Hi TeamTrader,
Please post the stars/dots indicator.. I dont believe it has been posted and it seems essential to your method.
Thank you.
TheoHi Theo,
I'd already posted it at #322 above along with my settings of 15/34/55.
Is that OK?
TEAMTRADER
TeamTrader
'Hi TeamTrader,, I understand the 4X Sema is for the Star, yet i was referring to the indicator that have the small dots seperate from the Sema.
Thanks
Theo
Nonlag
Hi Theo,
Sorry I misunderstood.
It is a nonlag ma set on 66.
I've attached it.
Regards
TEAMTRADERnonlagdot.ex4
If you want a good ma set up for charts not using the nonlag indi (as it takes a bit of memory) - I suggest the following pair BOTH on setting SMOOTHED and 'weighted close (HLCC/4)
1. a 5 smoothed ma and
2 a 15 smoothed ma.
These are the standard ma indicators on all MT4 platforms.
But the settings are very important.
Regards
TEAMTRADER
It is very similar to 'asystems' 3 level semafor and he is the coder of both. He is indeed a clever person and has my personal admiration.
If you have already downloaded his level 3 semafor, and change the settings to 15/34/55, this gives the identical picture to the #4x3 semafor I have posted -- and these setting work for all timeframes.
I see very little difference in the indicators, just visual affects.
SCALPING - It repaints like all of them but if it is used with the dots/stars as the START of diagonals then this is a safer way to trade. Obviously I use this with momentum indicators for scalping and it gives more credibility to the moves.
Hope this helps.
Regards
TEAMTRADERHi TEAMTRADER!
Can you please explain the meaning of the green-red-yellow balls in the 4x3 semafor... in the original indicator (excluding the 3 ball) there are only the 1 or 2....
Thanks!
As far as I understand it, these coloured 'dots' are wave 2 possibilities. I disabled the wave 1 and 2 setting but they still appeared so this is a presumption. These dots and stars move with momentum but it is not a concern as I use them for the starting point of an on screen diagonal trap. Importantly a trap starts at the high or low price of the dot but goes over or under the body of the candles - this is the opening price if bars are used.
Asystem2000 is the coder who would need to confirm this.
Also, as an additional help, the 15m TF signals used to scalp the lower TF charts is a very good price directional aid. If you know the overall direction trading becomes less stressful.
Regards
TEAMTRADER
I agree that 3x or 4x Semafor with support of good S&R indicator and Bollinger bands could be successful EA but programer laughed me off.
When the 3x Semafor SUN sign shows up in the boundary area of BB and S/R indicator it is time to enter a trade. Much better on higher TFs like 1H, 4H, Daily. You don't need a SL! It is very sure trade. If the Sun sign comes on red candle in support area wait for next candle to turn blue before entry for more security, via verse at resistance area.
Cheers Hermes
I agree that 3x or 4x Semafor with support of good S&R indicator and Bollinger bands could be successful EA but programer laughed me off.
When the 3x Semafor SUN sign shows up in the boundary area of BB and S/R indicator it is time to enter a trade. Much better on higher TFs like 1H, 4H, Daily. You don't need a SL! It is very sure trade. If the Sun sign comes on red candle in support area wait for next candle to turn blue before entry for more security, via verse at resistance area.
Cheers HermesYou'd need to get a momentum indicator and include divergence before you could get that confident.
There will be many times when the star moves outside the BB but if momentum is increasing without divergence, then the price will continue until momentum has reduced.
I've attached an illustration of the 1hr GU and the 'X' is where the star first showed. Momentum on my indicator was dramatic so it was not a reversal at that point.
To make a successful EA means taking a lot of indicators into consideration and maybe asystem2000 is a specialist in one - whatever his reason, he has made a hugely successful job of the semafor.
Regards
TEAMTRADER
You'd need to get a momentum indicator and include divergence before you could get that confident.
There will be many times when the star moves outside the BB but if momentum is increasing without divergence, then the price will continue until momentum has reduced.
I've attached an illustration of the 1hr GU and the 'X' is where the star first showed. Momentum on my indicator was dramatic so it was not a reversal at that point.
To make a successful EA means taking a lot of indicators into consideration and maybe asystem2000 is a specialist in one - whatever his reason, he has made a hugely successful job of the semafor.
Regards
TEAMTRADER
With my idea you have an assurance of 3 indicators S/R, BB and 3x semafor but I wait also for change of the candle color in the direction I want to open a trade. In manual trades I use RSX 90/10 for that and first it has to take a dive down below 90 and red candle before I sell.
Cheers Hermes