3 Level ZZ Semafor Indicator, Dominate Market Swings Effortlessly

Description

A zigzag indicator that displays the values of three zigzags on the chart is the 3 Level ZZ Semafor Indicator MT4.

These three zigzags have different periods. The dots in question are small, medium, and huge. This indicator highlights the zigzag areas on the chart with dots rather than zigzag lines.

Short-term speedy, medium-term slow, and long-term slow are the three distinct periods whose highest and lowest values distinguish the indicator’s three levels. Numbered 1 through 3, the dots vary in size and color.

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

Additionally, you can change the dots’ settings based on your short-term or long-term plan.

BUY and SELL signals are produced by this indicator at dot 3. Momentum in the short term is indicated by the other two dots. The third dot is where forex traders should enter while searching for trading signals.

BUY/SELL indications from the 3 Level ZZ Semafor Indicator

The GBP/USD daily chart above displays the indicator’s BUY and SELL signals.

As previously stated, the appearance of the third dot is the most crucial thing to keep in mind. The indicator’s buy and sell indications are indicated by the third dot.

When the underlying trend is upward, the indicator displays a dot three below the candlestick. It’s a purchase indication, then.

However, if the indicator draws dot 3 on the top of the candlestick and the underlying trend is downward, you can initiate a sell position.

What is the utility of the 3-Level ZZ Semafor Indicator?

The indicator uses zigzag dots to display BUY and SELL indications. Because the indicator doesn’t plot lines, the graphic may become cluttered. Rather, it applies dots on the chart.

Is it free to download the 3 Level ZZ Semafor Indicator?

Yes, you may download this indicator for free.

Conclusion

A zigzag indicator that indicates the trend’s direction is the 3-Level ZZ Semafor Indicator. BUY and SELL indications are indicated by the third dot. Anyone can use the indicator in their trading strategies because it is free to download.