About the ZZ Semaphor Indicator

Does anyone have experience with this indicator that can tell me what is the price action change that causes dots to change in value fro a 3 to 2 or to a 1 as price moves

Not 100% sure, but I think it is based on zig zag indicator with 3 different length periods. I tested it with several settings some time a go. The name of the indi in english is something like a Zig Zag quide. So it changes value if there is several zig zag direction changes (of different periods) in a same candle. Maybe you can find a deeper explanation by studying mathematics behind zig zag indicator.

http://stockcharts.com/school/doku.p...icators:zigzag

To further add (correct me if I'm wrong):

Level 3 is when the maximas(or minimas) of all 3 ZigZag lines share the same value, Level 2 if 2 maximas/minimas, Level 1 if only one zigzag maxima/minima is formed.

You will observe that this indic repaints badly, however. If you just observe one ZigZag indicator (instead of the combined ZZ Semaphor), you will see why.

YMMV.

THanks...yeah I know the repaint situation...what I don't get is what the maxima/minima is based on.

Hi,

Can somebody help me with this.

I wish to set up email alerts for the indicator (FXi_3_semafor)

What should be entered in the following areas in MT4

SMTP Server:
SMTP Login:
SMTP Password:
From:
To:

Regards,

Praveen

How the ZZ_semafor indicator works: explained here. Zigzag parameter settings explained here and here.

@praveen1112: I'm not 100% sure, but I think it depends on which e-mail provider you're using.
For example, if it's Gmail, you might find your answer here. Or if it's Knology, here. And so on.