The 3 Semafor trend levels Forex indicator provides an easy way to look at the different important trends that occur within price movements.
The indicator displays the 3 different trends that occur on the chart:
- Short-term trend
- Medium-tern trend
- Long-term trend
This Semafor Metatrader 4 indicator uses colored bullets to indicate you about the importance of the trend found on the chart.
- A brown bullet represents the short-term trend.
- A pink bullet represents the medium-term trend.
- A yellow bullet represents the long-term trend.
Please note that the indicator itself does not generate any buy and sell trade signals.
It only shows you the short, medium and longer-term trend.
Combine the 3 Semafor trend levels indicator with additional technical indicators or with price action methods to built a complete trading system that makes sense.
Download This MT4 Forex Indicator Free
Download the “3-level-zz-semafor.ex4” Metatrader 4 indicator
3 Semafor Trend Levels Indicator Chart
Here’s an example of how the 3 Semafor Trend Levels indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 3 Semafor Trend Levels Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when price breaks above the 3 Semafor Trend Levels indicator longer-term resistance bullet from below (upper yellow “3” bullet on chart).
Confirm the trade with additional MT4 indicators or with price action.
A stop loss can be placed slightly below the previous swing low support, or use your own stop loss strategy.
Take profit at the next important resistance level, or use your own take profit method.
Sell Trigger: Open a sell trade when price breaks below the 3 Semafor Trend Levels indicator longer-term support bullet from above (lower yellow “3” bullet on chart).
Confirm the trade with additional MT4 indicators or with price action.
A stop loss can be placed slightly above the previous swing high resistance, or use your own stop loss strategy.
Take profit at the next important support level, or use your own take profit method.
Download This Forex Indicator Now
Download the “3-level-zz-semafor.ex4” MT4 indicator
Adjustable Parameters
Period 1, period 2, period 3, step 1, step 2, step 3, colors, width, style.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
