Hey,
I need help understanding exactly what this indicator does: The 3 Level ZZ Semafor.
I can't read MQL so I can't really understand it from the MQL file.
I know it "paints three levels of ZigZag."
Can someone tell me what that means exactly?
And I read somewhere that it is based on the "Fractals" indicator.
What levels of zig zag does it consider as 1,2 and 3?
Is it different time frame or is it different swing heights?
I do understand the zig zag indicator.
I need help understanding exactly what this indicator does: The 3 Level ZZ Semafor.
I can't read MQL so I can't really understand it from the MQL file.
I know it "paints three levels of ZigZag."
Can someone tell me what that means exactly?
And I read somewhere that it is based on the "Fractals" indicator.
What levels of zig zag does it consider as 1,2 and 3?
Is it different time frame or is it different swing heights?
I do understand the zig zag indicator.
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