TheRumpledOne

1) It is the basic zig zag indicator. You can find the original 3 Level ZZ Semafor indicator here: http://www.forex-tsd.com/indicators-metatrader-4/12015-3_level_zz_semafor-indicator-mt4.html 2) If price is within 20 pips of the daily low, that is OPPORTUNITY. The ClLo column shows the distance (in pips) from the current price to the low of the day. The currencies with 20 or less are where OPPORTUNITY lies. I have already posted the steps to this method.

RESULTS

OPPORTUNITY...

What fun would that be? In options, there are butterflies and condors. Trades know exactly what is being discussed and if they don't they can look it up. If everyone used "price zone", there could be mass confusion.

Retrace off the high would mean to reverse off the high. In other words, price moves away from the high back toward the open.

Notice the white line on the chart connects all of the dots. That would be a "1" semafor zigzag line. The blue line connects the "2" and "3" semafors. That would be a "2" semafor zig zag line. The purple line connects the "3" semafors. That would be a "3" semafor zig zag line. That should make it clear what the 3 Level ZZ Semafor does.

I can not divert traffic to other sites. This is the INTERNET. People are FREE to go to whatever sites they want to. I can't force anyone to go to any site. You have made NO contribution to this community.

RESULTS.

Can you prove your allegations? Instead of making personal attacks, why don't you use facts and figures to prove my method doesn't work? This is Traders Laboratory after all. The name of the forum implies testing and experimenting.

I have a FREE PalTalk chat room called the TWO PERCENT CLUB. You are more than welcome to come and trade live with us. I post a gauge showing opportunities. Then I follow with results. I have posted the entry rules. You should be able to follow along.

A semafor is a "signal" or "sign". It's an old railroad term. The 3 Level ZZ Semafor indicator plots a "1", "2" or "3" semafor for 3 different zig zag periods. I am not the original coder of this indicator. I have modified it extensively. The "RED" RAT ZONE is the area between 20 pips below the daily high and the daily high. The "GREEN" RAT ZONE is the area between 20 pips above the daily lowand the daily low. Price usually leaves these rat zones when it retraces off of the daily high/low.

The real story is back when I was coding TradeStation/EasyLanguage ALL of my indicators were FREE. You can still download them for FREE. My TradeStation account was closed after the president of TradeStation was dumb enough to call me and leave his personal cell phone number. I thought it was his office number, posted it on my Yahoo forum. The next day they shut me down. Obviously at least one person used that number to voice their displeasure that I was banned from the forum. The president of eSignal offered to reinstate me if I would delete certain posts from other forums. To me, that is too much like Orwell's 1984 and I refused. I have coded hundreds of FREE MT4 indicators. FULL VERSION not half. No one has bought any of my indicators because I do not sell indicators.

OPPORTUNITY...

Remember what H. Rearden said: Now, 2 patterns of market behaviour happen on a regular basis: 1) the price breaks to new high's (or low's) 2) the price reverses from new high's (or low's)

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OPPORTUNITY...

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OPPORTUNITY...

SECOND CHANCE...

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OPPORTUNITY...

SOMETIMES YOU GET LUCKY

WAITING FOR OPPORTUNITY TO PRESENT ITSELF IS STEP 1.

Feel free to post them yourself.