2009.06.16 3 LEVEL ZZ SEMAFOR

[TheRumpledOne]

2009.06.16 3_Level_ZZ_Semafor TRO_MODIFIED_VERSION



ZIP FILE UPDATE 2009.06.18 8:25 AM




3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION has been modified to draw upper and lower trendlines through the most recent semafors. An alert has been added to sound when price is at/near the trendline.


FREE MT4 version 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.



Updates:

Support/Resistance lines plotted through the most recent semafors.

Retrace and Target lines added.

Legend added.

[lukx]

TRO, is there anyway you could make ZZ indy to show "ghosts" of semas that had been pushed? So we can see the first level the sema showed up and than how many times it has been pushed?

[TheRumpledOne]

Someone already did that. Plus I wrote a couple of indicators showing the history.

[TheRumpledOne]

Maybe I should call this DRAINING THE BANK - LITE

LOL!!

[johnsund]

TRO - Qusetions for you please

1. You watch price move between the trend lines, and as it approaches one you get ready to enter?
2. If price move outside trend line it is a breeakout and you play it accordingly?
3. The horizontal lines at the semafors on the above chart mean what?
4. What if trendlines on M15 and H1 are opposite each other?

Thanks - as always.

[TheRumpledOne]

TRO - Qusetions for you please

1. You watch price move between the trend lines, and as it approaches one you get ready to enter?

NO. I WOULD MOST LIKELY ALREADY BE IN A TRADE. IF NOT IN A TRADE, I WOULD BE WAITING FOR A SETUP.

2. If price move outside trend line it is a breeakout and you play it accordingly?

IF IT BREAKS, THEN YOU GO WITH THE FLOW.

3. The horizontal lines at the semafors on the above chart mean what?

THAT IS THE PRICE WHERE THE SEMAFOR IS LOCATED.

4. What if trendlines on M15 and H1 are opposite each other?

TRADE ONE CHART PERIOD AT A TIME. H1 OR M15, PICK ONE OR THE OTHER BUT NOT BOTH.

[forexbob]

dont know why, but see sema3 at strange place

[forexbob]

another example

[TheRumpledOne]

It's not in a strange place... that's how the code is written.

[forexbob]

well ok, but not seen that before that sema was placed way below or above the wick, just tried to understand. so when in the last example in the last green bar i get a sema1 at 1.3930 (the high of the bar) but way above it a sema2.

as a programmer i understand that it shows what is written in the code;only maybe me 2 dumb to understand why...

so prob i then have to read again how these sema's work..