3 Level ZZ Semafor Indicator, Powerful Packed 3 Level ZZ Semafor

Description

A zigzag indicator that displays the values of three zigzags on a chart is the 3 Level ZZ Semafor indicator MT5.

Each of the three zigzags has a different period. These dots are big, medium, and tiny. This indicator plots dots at zigzag spots on the chart rather than zigzag lines.

The maximum and minimum values of three distinct periods—short-term rapid, medium-term slow, and long-term slow—distinguish the indicator’s three levels. The dots are numbered 1 through 3 and vary in size and color.

The circles’ color represent your trading strategy and the direction of the markets. Number one is represented by the orange circle, number two by the purple circle, and number three by the blue circle.

Depending on your long-term or short-term strategy, you can also change the points parameters. At point 3, this indicator produces BUY and SELL indications. Short-term market momentum is shown by the other two points. Point 3 is where forex traders should go while searching for trading indications.

BUY/SELL indications from the 3 Level ZZ Semafor Indicator

The indicator’s BUY and SELL signals are displayed on the CADCHF daily chart above.

As previously said, the appearance of the third dot is the most crucial factor to consider. The indicator’s buy and sell indications are indicated by the third dot.

When the primary trend is upward, the indicator pulls point 3 below the candle. This is a buy indication.

However, if the indicator draws point 3 at the top of the candle and the primary trend is downward, you can initiate a sell position.

The 3 Level ZZ Semafor Indicator: how helpful is it?

The indicator uses zigzag dots to indicate BUY and SELL. Lines that could clog the chart are not drawn by the indicator. On the graph, it instead displays dots.

Is the 3 level ZZ Semafor indicator available for free download?

Yes, you may download this indicator for free.

Conclusion

A zigzag indication that shows the direction of a trend is the 3 Level ZZ Semafor indicator. The BUY and SELL indications are indicated at point three. Anyone can use the indicator in their trading strategies because it is free to download.