DevLucem

Semafor

Hello Traders!

I have been away for a while but am recovering back gradually! Here is a gift to all of you.
It is based on the much loved ZigZag++ Script

The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.

The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
To ease understanding of the code, I used the function `zigzag()` to show the simplicity in calculation


More will be coming this Year!



Release Notes: Update Request
++ Added No Repaint Settings ✔️
++ Added Unique Sizing to Settings ✔️
Release Notes: Update Request
++ Added Alerts To Confirmed Zones ✔️
++ Added Decimals To Deviation ✔️
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
Automate TradingView Alerts ->
->>> https://tradingview.to/anywhere 😍😍🥰

Comments

I hope you are fine, dear
Is there an alert when entering and exiting?
I hope to hear good news for you
500 coins
+9 Reply
DevLucem bandarbadah
@bandarbadah, Thank you for the kind donation!

There is an alert when a new level that will not repaint is confirmed.
Using the repaint option does not make the alerts repaint however.
Alerts are dependent on only confirmed levels.

This is not a buy-sell indicator, its used to view potential Levels in the market with different level settings
+5 Reply
bandarbadah DevLucem
@DevLucem, Can an alarm be added to it?
Reply
A3335418375 DevLucem
@DevLucem, Pine cannot determine the referencing length of a series. Try using max_bars_back How to solve this problem
Reply
DevLucem A3335418375
@A3335418375, which setting are you using?
Reply
@DevLucem,
is there a way to set seperate alerts for when the circles are on the top or bottom of the candles for short/long warnings
Reply
DevLucem ezprofitbuddy
@ezprofitbuddy, No, ill add this to the next update
Reply
@DevLucem,
you can just lmk then i can add it
Reply
100 coins
+1 Reply
This is an excellent script 🙌🙌 bravo
But can I request for MTF function sir ?
I've been struggling for weeks how to add the MTF
Thanks in advance :)
500 coins
+1 Reply