xard777 wrote: ↑

Mon Oct 03, 2022 12:37 am

I like this setup...
Xard777

maroka wrote: ↑

Mon Oct 03, 2022 1:24 am

Solely for M30, or can as well be used on M5, M1?

XARD: Look again... It is an M30 MTF setup displayed on an M5 TF chart :-)))

marwilli wrote: ↑

Sun Oct 02, 2022 11:37 pm

dear FourXXXX and Xard
is it possible to modify the indicator so that there is a background in the respective color after each arrow?
In this case the base is a zigzag. As far as i know semafor is based on zigzag.

The values ​​should be configurable also the symbols and size.
I know that xard already realized this in the release 'XU-13 Xard universe'.
This is how you have a perfect standalone semafor indicator.

PS. I think that the source code is by you

xard777 wrote: ↑

Mon Oct 03, 2022 1:52 am

Fixed it...
Xard777

xard777 wrote: ↑

Mon Oct 03, 2022 1:52 am

Fixed it...
Xard777

marwilli wrote: ↑

Sun Oct 02, 2022 11:55 pm

Of course you can now ask, why don't you use XU-13?
a reason:
the performance of XU setups is not so good on computers with a weaker CPU. if you have 3-4 charts open, the cpu load is too high.
Although some functions can be hidden in the setups, they are still calculated in the background by the CPU. For example Xmath or daily open line/(zigzag cannot be hidden although an option is available).

another reason:
there are many users who do not have a 60 inch monitor at their disposal.
for me, the XU setups are not filigree enough to scale them to a smaller monitor. see picture
but ultimately it is individual and a matter of taste.

Not that we misunderstand each other. I like xard setups a lot. The ideas and implementation are great.
You only have to rebuild them on weaker systems in order to better adapt them individually.

I also think that xards setups should encourage you to build a suitable setup yourself. Or if they are best for you to trade profitable.
Everyone trades differently.
In other time frames or/and with other intentions (swing/day trading).

FourXXXX wrote: ↑

Tue Sep 27, 2022 9:11 pm

The direction of the trend is shown by a second dot and a second dot is simply a higher low or a lower high. If the market is making lower highs and lower lows the trend is down, if it is making higher highs and higher lows the trend is up. So the reason we use second dots is so that you have a confirmed trend as the second dot is a lower high or a higher low, add a second confirmation using moving averages and you have a strong signal to buy or sell.

The movement of dots is very predictable, if the market is making new highs and you have a larger dot appear it will move higher if price moves higher. You need to keep in mind that under every large dot is all the dots of every size smaller than it, but you only see the smaller ones appear when the larger one moves. A dot will stop moving higher if a dot of the same size forms at the low of a retracement. So when you see a large dot at the high and the market retraces and a small dot appears at the low of the retracement what will happen when price moves higher than the previous high??? The large dot will move to the new high and a smaller dot will remain at that spot.

Another thing about dots is that size matters, each larger size is showing a high or low from a higher time frame. The bigger the dot the higher the time frame it is from and therefore the more significant is, each dot is showing levels of support and resistance. Also you not only have second dots of the small size, you also count larger dots as if the smaller ones are not there. Second dots from larger dots are a stronger indication than smaller dots.

When you look at a chart think about what will the dots do if price moves up and what will happen if price moves down. It is not hard to do if you follow what I have written above, soon it will become second nature and you will not need to think about it much.