4 Level ZZ Semafor Alert Indicator

4 Level ZZ Semafor Alert Indicator

The 4 Level ZZ Semafor Alert indicator for MT4 provides trend reversal and continuation signals.

The 4 Level ZZ Semafor Alert Indicator for MT4 is a Forex indicator for identifying trend reversals and continuations. It uses a zigzag pattern to display different levels of semafor points, which are pivot zones for a potential trend reversal.

Each Level of the semafor represents a significant high or low of the price, which can be used to identify a trend continuation pattern. On the other hand, the fourth level of the semafor (marked in a red cycle) represents a strong reversal zone for traders to look for buying or selling opportunities.

How to Trade with 4 Level ZZ Semafor Alert Indicator for MT4

The above shows the trend analysis of the 4 Level ZZ Semafor Alert indicator on the EUR/USD chart on the H4 timeframe.

The indicator is straightforward to use. Firstly, wait for the indicator to identify a zone for potential trend reversal by displaying the fourth (4) semafor cycled in red color. Once it displays the buy/sell zone, you can then use price action (e.g. bullish/bearish engulfing, etc.,) or other technical indicators to find a buy or sell entry in sync with the signal provided.

Conversely, if the indicator keeps displaying “1”, “2”, or “3” points, it implies that the market may be in a strong bullish or bearish trend.

Conclusion
The 4 Level ZZ Semafor Alert Indicator for MT4 is a beginner and chart-friendly indicator that provides trend reversal and continuation signals.