Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=954
Forum: 17 · Topic 954 · 42 post(s)
nunrgguy · Thu Jun 24, 2010 1:24 am
Great works. Thanks.
droesparky · Thu Sep 23, 2010 12:43 pm
This is a great indi that I use in my trading.
I would be nice if the numbered circles could be moved a little farther off the end of the candles.
I have bad sight and make them bigger so they end up covering the end of the candle.
craige · Tue Dec 28, 2010 9:53 am
Hey Guys
your works are highly appreciated.
and could you show me the original code of this indicator as it is very important to me, so that I want to save it to my computer and keep it with me until the end of my life.
thanks
best regards
Apprentice · Tue Dec 28, 2010 11:01 am
You can do so already. Click the left mouse button, Select Save Target As, Save. lua file in the folder of your choice. Open File using Notepad or any other editor.
craige · Tue Dec 28, 2010 11:49 am
Hey my friend
thanks for your advise, now I have seen the oringinal code of the indicator that I want to see, thanks for you instruction.
best regards
PS: the indicator you made is very handy which help me have a excellent trading, I hope you could creat more and more useful indicators
and I remember there is a indicator named breakout indicator which as yet can only be used within H1, could you make a bigger frame indicator of the “breackout”?
thank you
Ancient · Tue Dec 28, 2010 2:28 pm
droesparky wrote: would be nice if the numbered circles could be moved a little farther off the end of the candles.
I agree, a setting to set the distance from the Candle according to preference would be fantastic!
As also Sound Alerts for all Levels by Option… i.e. Sound Alert for Level 1 and or 2 and or 3 would also be GREAT!
marejp · Tue Dec 28, 2010 4:11 pm
From http://www.forexschool.ru/my_articles_en.htm
kankatrader · Fri Jan 28, 2011 1:10 pm
Hi, Is it possible to develop a strategy for this indicator.
Example: First Zigzag lights on the lower line. must send a “buy order. First Zigzag lights on the upper line. must send a “sell order.
Example: First and second Zigzag lights simultaneously on the lower line. must send a “buy order. First and second Zigzag lights simultaneously on the upper line. must send a “sell order.
3.example: First,second and third Zigzag lights simultaneously on the lower line. must send a “buy order. First,second and third Zigzag lights simultaneously on the upper line. must send a “sell order.
Best Regards
Apprentice · Fri Jan 28, 2011 2:06 pm
Added to developmental cue.
kankatrader · Thu Mar 03, 2011 8:27 pm
Dear Apprentice,
how long would it take this indicator to make a Strategy?
Best regards
gspefx · Wed Sep 07, 2011 6:02 am
Hi, i’ve discovered Marketscope last week and it’s so great.
I like very much this nice indicator and i use it a lot on other platform. I would like to ask if is possible to add the support to show Sup and Res Lines like in the image attached. This modify will help a lot with Breakout Strategy.
Thanks gspefx
RJH501 · Wed Sep 07, 2011 7:17 pm
EXCEPTIONAL WORK!
During creation of strategy could you also create a signal?
Thank you and Best regards,
Richard
gspefx · Thu Sep 08, 2011 5:28 am
Nikolay.Gekht wrote: Could you please formalize the rules for S/R lines?
Hi, S/R lines are lines that are simply drawn from past semaphore point You can have an option in order to choose how many lines to show, from 1 to 5 i think will be sufficient. In the attached image you can see the indicator that show 3 lines. Would be nice, if is possible, to have a label with the price level of each lines
Thank you gspefx
dkcoldspring · Mon Apr 16, 2012 9:51 am
being new to this indicator, I’m trying to understand the shorter “target and replacement” lines and the longer “target and replacement lines”.
Can someone help me understand how to use these lines when interpolating a chart using this indicator?
I would truly appreciate it.
3800082312 · Tue Jul 24, 2012 3:47 am
Hi
Could you please help to create sound alert for this indicator? It will be great.
Best regards Tommy
RJH501 · Sat Jul 28, 2012 3:48 pm
Hello Niko lay,
Are you or someone else working on a strategy for this indicator?
As we all know it repaints making it difficult to ascertain the best position to “mark” a buy or sell.
Just a suggestion if the Zig and Zag indicator gets the error fixed the code in that indicator works well at identifying entry exit points and might work in a strategy using semafor.
Please look into this and let us know if a strategy is possible.
Could you please set the indicator up so we can adjust the color of the semafor signal according to it’s appearance above or below the magic trend indicator. In other words a 1, 2 or 3 level semafor signal could have 1 color below magic trend and another color when it occurs above the magic trend.
As always your efforts are sincerely appreciated,
RJH
briansummy · Fri Oct 12, 2012 7:06 pm
This is excellent work however this constantly repaints. Is there anyway you can create a system of trading off off the 2’s and 3’s only but uses the RSI or Stochastics +/- 50% in order to prevent picking tops and bottoms only having it to repaint?
briansummy · Thu Nov 15, 2012 10:28 pm
Is there anyway that you can use this indicator and add the Elliot Wave counts? The Marketscope Wave counter line is not really great unless I am using it incorrectly.
I saw a pic from a trader using FXCM MT4 with a visual diagram of the wave counts.
Apprentice · Fri Nov 16, 2012 4:47 am
If you have a good Elliott Wave counts algorithm, will be pleasure implement it. U can send me code or logical algorithm.
cash4u · Thu Jan 30, 2014 5:03 pm
hi to all, can you create a strategy based on this indicator: buy: 1.price>zig zag low and price < lower retracement line 2.lower trend line sloping upwards(trend line ending point>trend line starting point)
sell: 1.price< zig zag high and price >upper retracement line 2.upper trendline sloping dowards(trend line ending point<trendline starting point)
exit buy:
1.price cross over upper retracement line /upper target line(optional) or 2.price cross under lower target line
exit sell: 1.price cross under lower retracement line/lower target line(optional) or 2.price cross over upper target line
Apprentice · Sat Feb 01, 2014 2:43 pm
Your request is added to the development list.
Segwin · Wed Aug 05, 2015 7:07 am
Hello Apprentice;
I use this indicator and would really appreciate it if you could add an alert so that when it prints a 3 it would trip an alert. Would help a lot.
Thanks in advance.
Terry
Apprentice · Thu Aug 06, 2015 5:38 am
Your request is added to the development list.
Segwin · Thu Aug 06, 2015 7:11 am
Thank you.
Stance · Fri Aug 07, 2015 4:39 pm
+1 thanks for a great indicator and please make a strategy for this.
mulligan · Mon Aug 10, 2015 10:55 am
For traders looking for a strategy or alert that signals when all three zigzag agree, it already exists. Go to “strategies”, in the search box enter “zigzag strategy”. Follow to the ZigZag Strategy by vstrelnikov. It’s made for this indicator and works perfectly. Just remember the indicator repaints.
Happy trading
Stance · Mon Aug 10, 2015 3:19 pm
mulligan wrote: For traders looking for a strategy or alert that signals when all three zigzag agree, it already exists. Go to “strategies”, in the search box enter “zigzag strategy”. Follow to the ZigZag Strategy by vstrelnikov. It’s made for this indicator and works perfectly. Just remember the indicator repaints.
Happy trading
Thanks Mulligan,
I’ve just did a backtest of the zigzag strategy you mentioned and it doesn’t match this indicator? Could the strategy be modified to match this indicator?
See below, the buy and sells isn’t always happening at the 3rd zigzag.
https://dl.dropboxusercontent.com/u/68353796/zz3.png
mulligan · Tue Aug 11, 2015 10:26 am
Stance, I am a trader like yourself, not an expert programmer as the folks here at Codebase. Back testing a strategy based on an indicator that repaints will not give you real world results. Neither will looking at history as it is a perfect history. It does not reflect how many times the indicator showed up then disappeared. I have used the ZigZag Strategy as an alert with allow strategy to trade set to no. It is simply a heads up to look at the situation and consider many other factors before placing a trade. Using this strategy or any other based on a repainting indicator to actually make trades is, in my opinion, a very bad idea. If you use the strategy as an alert, you will see that indeed it matches the indicator. An indicator that comes and goes comes and goes (a lot).
Paul W · Sun Aug 30, 2015 11:13 am
is it possible to alter .lua to allow this indicator to function on a tick chart ? thx
Apprentice · Tue Sep 01, 2015 3:59 am
As described, indicator used both high and low candle data. Maybe with a lot of creative coding. Well, then it would not be the same indicator.
zl068565 · Sun Sep 06, 2015 11:41 am
Hi,
Great indicator you have here. Is it possible to add in the option for pips counter and highest/lowest price of the zigzag for this? Also the ability to choose which one to show the pips and high/low for (only the 3 or 1+2+3).
Thanks in advance.
Paul W · Mon Sep 07, 2015 7:18 am
Unfortunate, was hoping to overlay a longer chart’s Semafor (e.g. 5 min chart) onto the tick – thanks for having a look
Apprentice · Thu Sep 10, 2015 2:39 am
zl068565 Your request is added to the development list.
pakoromeu · Mon Mar 07, 2016 7:04 pm
I appreciate if you could add an alert. Tkx
Apprentice · Fri Mar 11, 2016 5:17 pm
Your request is added to the development list.
chirvasamar · Fri Mar 25, 2016 5:19 pm
Hello to everyone! Can anybody post this indicator by reply in order to have it imported in my TS, please ? Thank you in advance.
lancer7d · Wed May 04, 2016 10:14 am
Good Morning, After reading through all the post on the Semafor indicator, there seems to be a few requests for alerts when the zigzag paints. I’m looking for an audible and possible email alert for when the 3rd zigzag happens. Is it possible to add the option of alerting when the 3rd zigzag paints AND crosses over a moving average? If this is not possible, just the option of turning on or off each individual zigzag alert would be great! Thank you in advance!
Paul W · Fri Nov 25, 2016 3:25 pm
is it possible to include a line width option - trend lines
would help visually
thanks
Apprentice · Sat Nov 26, 2016 7:16 am
Style option added.
ahmedalhosenyy · Tue Feb 25, 2025 11:44 am
Is it applicable to have Semafor_Multi Pair_ Multi time frame
Thanks
Apprentice · Tue Mar 04, 2025 5:48 am
We have added your request to the development list. Development reference 160
Apprentice · Thu Mar 06, 2025 3:01 pm
