Semafor 3LZZ Scanner Dashboard

Semafor 3LZZ Scanner Dashboard

3 Level ZZ Semafor Scanner:

This is a Dashboard indicator which uses 3LZZ Indicator in the background to find semafors.

It will give priority to the semafors3 because they specify a strong signal.

So, even if there is a sem1 or 2 on current bar, and if Sem3 was within "Check Previous Bars for Sem 3". Then it will show Sem3 instead.

Read about this in detailed post:

https://www.mql5.com/en/blogs/post/758250

And get all extra Indicators/Template from above link.

To use this template just specify "3LZZ" in Dashboard Property: "Use Template For New Window" (without the quotes)

Scanner scans every bar only once for 3LZZ. But it refreshes every new bar. So for example, if your lowest timeframe on dashboard is M5, set the current chart timeframe to M5 too. So it will refersh every 5 minutes.

Or use "Refresh After Ticks" to refresh every given number of ticks if Shift is 0.

What each button means (examples):

Green font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on current bar

Red font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on current bar

Orange 1/1 or 2/2 or 3/3: Both Bullish and Bearish semafors on current bar (very rarely occurs)

Green Block 3(4): Bullish Semafor 3 occured 4 bars back

Red Block 3(2): Bearish Semafor 3 occured 2 bars back

Letter S: Means Stochastic Crossed Overbought or Oversold in Stochastic Timeframe

      e.g.: If you keep Main TF: M15,M30,H1 and Stoch HigherTimeframes M30,H1,H4. So, for M15, stoch check will be done for M30.

- No semafors

-- Semafor 3 in previous bars but hidden because higher timeframe has a current bar semafor

(See screenshots for examples)

Alerts:

Popup alerts or email alerts or push notifications. Can be specified in Indicator Properties.

Settings:

See common scanner settings here:

https://www.mql5.com/en/blogs/post/747456

- Check Previous Bars for Semafor 3: Specify number of previous bars to check Semafor 3 for.

- Skip If Semafor On Higher Timeframe: If true: If a semafor is still forming on a higher Timeframe then hide any previous semafors on the just lower timeframe. And just show double dash "--"

Because if higherTF semafor is still ongoing then price might still move. So it's best to wait for bar to finish.

Alert Semafor On Bar 3(x): Show alert for semafor on (x) previous bar

How to Trade:

Best way to use this indicator is with Support and Resistance, Pivots, Quarters etc. Or any indicators which might validate the reversal.

Support/Resistance levels will also help you set the SL/TP.