ZZ Semafor Indicator

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EA for a 3_Level_ZZ_ Semafor / Trend Tool Combo

I am looking for an EA utilizing three indicators: 1) 3_Level_ZZ_ Semafor and 2) the NonLagMA_v7.1, and 3) Stoch (21,5,3).

The entry is based on the following criteria:

1. Wait for the 3_Level_ZZ_Semafor indicator #3 to appear (Period 1 = 0, Period 2 = 0, Period 3 = 34).

2. Wait for NonLagMA to match the direction of the trade.

3. Wait for the Stoch fast line >20 for a long and 8 KB | 12,825 downloads

  • Post # 2
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  • Edited at 12:01pm Jan 12, 2020 11:59am | Edited at 12:01pm

I am looking for an EA utilizing two indicators: 1) 3_Level_ZZ_ Semafor and 2) the Trend Tool – based on the following criteria:

1. Wait for the 3_Level_ZZ_Semafor indicator #3 to show up (Period 1 = 0, Period 2 = 0, Period 3 = 34).

2. Enter a trade as soon as the Trend Tool (length = 21) matches the direction of the trade.

Stop = use the low of the 3_Level_ZZ_ Semafor candle for a long, minus 10 pips, and use the high of the candle for a short, plus 10 pips.

Target = when the opposite 3_Level_ZZ_ Semafor shows up.

Of course, the 3_Level_ZZ_.

  • Post # 3
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  • Jan 12, 2020 12:09pm Jan 12, 2020 12:09pm

  • Post # 4
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  • Jan 12, 2020 1:51pm Jan 12, 2020 1:51pm

hey, that’s neat. someone has altered the code so now it does not repaint. but also now the 3’s won’t always come in pairs so you might end up hanging.

there will be a risk of multiple buy/sell signals before the ‘opposite 3’ buy/sell signal comes along. as seen in the picture below.

both original and altered versions shown in the picture. the original 3 level zz semafor is plotting the magenta 3’s and the indicator posted above is plotting the yellow 3’s.

both 3 level zz’s at this point are telling me to close my shorts and prepare to go long. but do i trust it now, after the previous 6 yellow 3’s did not maximize the move.

will give the ea idea some thought. it should be an easy code. h

  • Post # 5
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  • Jan 12, 2020 3:49pm Jan 12, 2020 3:49pm
  • Post # 6
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  • Jan 12, 2020 4:47pm Jan 12, 2020 4:47pm

Just to note that the Trend Tool is indeed the NonLagMA indicator as far as I could see – so better off using the NonLagMA as the mq4 is available for that one.

Also note that the NonLagMA repaints itself, kinda cheating a bit. When the colour change (trend change) has been confirmed then it repaints itself at the bar(s) where the transition took place. This gives the illusion that the indicator knew/gave change trigger upfront, however it was repainted after the event.
See the BackColor parameter of the NonLagMA, which is set to 1 and made hidden for the Trend Tool indi.

  • Post # 7
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  • Jan 12, 2020 8:48pm Jan 12, 2020 8:48pm
  • Post # 8
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  • Jan 12, 2020 9:52pm Jan 12, 2020 9:52pm

  • Post # 9
  • Quote
  • Edited at 10:19pm Jan 12, 2020 9:55pm | Edited at 10:19pm

Yes, “Trend tool” is actually the nonlag ma (not other way round). Good catch, LongBar.

It just repaints backwards by one bar as the default. Won’t do much damage, or you can set it to 0 repaint.

Semaphors of course are mega repainters, but I see the idea here is to at least confirm them with a fast/robust MA turn. Good concept, mt2414.

Maybe MTF semaphors will help. I found some code for them, but it doesn’t work. Maybe Hayseed, etc., can fix it. Just an idea.

Another idea: don’t make it an SAR (stop and reverse/always in the market) EA, but put an exit stop at just below/above swing low/hi of last confirmed Semaphor (the one with a nonlag ma turn). You’ll have quite few losers, as Hayseed’s chart above shows, but not huge losers and the system won’t turn into a glorified Martingale system of burying yourself fading a giant trend that keeps running against you before it turns.

It will just have to be used on a ranging pair/timeframe, or if caught by a big trend day, hope (LOL) that the low accuracy of the system will be offest by one big counterswing or end-of-trend trade/big reversal.

Misc. one more thought: another possible way of looking at a system like this is that it could perhaps be seen as a nonlag ma turn system, but one where the turn in the MA is only taken when prices (qua the yellow semaphor) are overbought/oversold (this ma is fast enough that this is viable). So the nonlag MA could be seen as the primary focus, with the Semaphors as a filter, LOL. Kind of turning things on their head, but the systems are logically equivalent.

Thread: 3 Level ZZ Semafor Tmv Alerts

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3 Level ZZ Semafor Tmv Alerts

This indicator is similar to what you can find in this forum except this one comes with better feature. It also comes with sound alert. Check it out yourself.

The concept of this indicator is similar/same with zigzag but with more perks.

The following 2 users say Thank You to IndicatorMan for this useful post.

There is no details about your 3 Level ZZ Semafor Tmv Alerts so it is hard to me to understand your nice indicator and i think it will be good for the forex trader and i want to know more about the 3 Level ZZ Semafor Tmv Alerts for getting profit.

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The Following User Says Thank You to nasimuddin For This Useful Post:

I use this indicator a lot every day for my trading decisions. I didn’t knew there was an alert with. Anyway it would be much better if we had this indicator with SMS text alert sound for trading. I use this indicator for A-B-C formations and quick spotting of patterns with all currencies. Usually when there is a second lower ball I sell and do the opposite for buy. Thanks.

The Following User Says Thank You to FlyingShark For This Useful Post:

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