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Semafor

SemaforHello 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!
Pine Script® indicator
by DevLucem
Updated Feb 2, 2021
140140

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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