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Semafor Alert

Are you looking for forex trend trading signals? Get three levels of buy and sell alerts according to low, medium and higher periods with Semafor Alert indicator. Signals work effectively for scalping the forex markets or to trade short or long-term. The indicator is easy to use and is one of the most popular indicators among forex traders.

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Description

The Semafor Alert MT4 indicator uses three different periods of ZigZag. The low, medium and higher period ZigZag provides buy and sell forex trading alerts and helps scalpers, short and long term forex traders. Furthermore, this indicator classifies the alerts as Level 1, 2 and 3. Moreover, traders can enable or disable these alerts in the input settings and focus according to their trading style.

Features of Semafor Alert MT4 Indicator

The indicator plots the higher period bullish signals as white and bearish signals as red flowers. Additionally, the medium period trend signals are both in yellow dots. The lower period buy signal is lime and sell signal is red.

Traders can enter the markets at a higher period buy signal and exit them using a medium or lower period sell signal. However, it depends upon the trader to hold the position and ride the entire trend and exit at the higher period sell signal.

This indicator is suitable for auto trading strategies or for additional confirmation of trend direction.

Benefits of Semafor Alert MT4 Indicator

The indicator provides three levels of trend strength according to the periods. So it helps traders to understand the longer, medium and short term market trend at a glance from the technical analysis perspective. This further enables the trader to stay in the longer period trend while entering and exiting using the short or medium term trend.

Traders of all types can use this indicator and scalp the markets or look for short and long-term trades. Moreover, it works on all intraday chart time frames as well as the daily, weekly and monthly price charts.

Indicator Settings Description

Period1:, Period2:, Period3:, Dev_Step_1:, Dev_Step_2:, Dev_Step_3:, Symbol_1_Kod:, Symbol_2_Kod:, Symbol_3_Kod: Input settings for period, deviation and trading signal symbol.

BoxAlerts:, EmailAlerts:, SoundAlerts: Enables message, email and sound alerts.

AlertLv1: AlertLv2: AlertLv3: Enables the corresponding level of alerts.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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