Semaphore and ABC Pattern

1. The indicator places Semaphore points on the maximum and minimum of a higher, medium and lower period.
2. It includes A,B,C Triangles for easier spotting of reversal chart pattern which occurs very frequently and has a very high success ratio.
3. Both Semaphore and A,B,C Triangles have alerts and Push notifications to a mobile device when they occur on the chart.
4. These indicators are very useful for breakout trading and spotting support/resistance levels which gives good opportunities for positions.

Please visit our blog for step by step strategy guide about the indicator and to study actual trades with explanations.

Indicator parameters

• ShowSemafors - show or hide the semaphores (default true)
• PeriodLast - checks the specified number of previous bars to see if they are lower/higher than current semaphore (default 12.0)
• PeriodPips - checks if the current High(Low) is higher(lower) than the last High(Low) between the specified number of pips (default 34.0)
• PeriodBars - you can input the minimum number of bars which are required for a new extremal semaphore to occur (default 234.0)
• WidthLow - width of lower semaphore point (default 5)
• WidthMed - width of medium semaphore point (default 5)
• WidthExtr - width of extremal semaphore point (default 5)
• BarsCount - bars from which semaphores start drawing on the chart (default 3000)
• ShowTriangles - show or hide the triangles (default true)
• FillUp - filling the triangle with the chosen color (default false)
• ShowMarks - show mark with the price of the side on triangle (default true)
• BuyTriangle - color of the Buy Triangle (default is blue)
• SellTriangle - color of the Sell Triangle (default is red)
• BuyMark - color of the buy price mark (default dodger blue)
• SellMark - color of the sell price mark (default red)
• Width - width of lines which forms the triangles (default 3)
• Showalert - desktop alert for semaphore (default true)
• ShowalertTr - desktop alert for triangles (default true)
• Pushalert - mobile phone alert for semaphore (default true)
• PushalertTr - mobile phone alert for triangles (default true)

How to configure the indicator?

• The indicator is configured with default settings which are most effective.
• If you want to experiment and try different settings you can open Indicator list, choose AI_Semaphore+ABC and click on " Inputs" tab.
• Check the Screenshots to see how to input your parameters correctly.

Сheck the specified number of previous bars to see if they are lower/higher than current semaphore.