This indicator can be used as a support-resistant.
And you need a trend indicator as a confirmation.
Default setting:
Period1 = 5.0
Period2 = 12.0
Period3 = 23.0
Dev_Step_1 = 1.3
Dev_Step_2 = 1.3
Dev_Step_3 = 1.3
Symbol_1_Kod = 159
Symbol_2_Kod = 164
Symbol_3_Kod = 164
Box.Alerts = true
Email.Alerts = false
Alert.Lv1 = true
Alert.Lv2 = true
Alert.Lv3 = true
Get this indicator:
#X 3 Semafor Forex Indicator
Platform:
MT4