UPD1 Semaphore 123 Dashboard

Overview of UPD1 Semaphore 123 Dashboard

• The UPD1 Semaphore 123 Dashboard is a powerful indicator specifically designed for MetaTrader 5.
• It identifies the 123 price patterns, which indicate potential reversal points in the market.
• This dashboard not only analyzes a single currency pair but can also monitor multiple pairs simultaneously, displaying relevant information in real-time. 📈

Functionality

• It builds a three-period semaphore based on the extremum points of the price movements.
• The signals for possible trade entry points are generated at the opening of the second candle after the pattern forms.
• Dashboard alerts can notify traders when the 123 pattern occurs across selected pairs.
• The dashboard integrates colors according to Fibonacci levels, offering visual cues for potential opportunities. 🌈

Input Parameters

• Bars Count: History depth to analyze for signal generation.
• Tooltip: Option to show tooltips when hovering over objects.
• Show Semaphore and 123: Options to display or hide semaphore icons and 123 pattern indicators.
• Scan Bars to 123: Defines how many bars in history to monitor after identifying a 123 pattern.

User Reviews and Ratings

• The UPD1 Semaphore 123 Dashboard has received positive feedback, maintaining an excellent rating of 4.5.
• Users appreciate its utility in identifying trading opportunities while avoiding chart clutter.
• Many feedbacks highlight the effectiveness and clarity of signals generated by this indicator. 📝

Conclusion on Usefulness

• This dashboard acts as a comprehensive tool for traders looking to capitalize on 123 patterns across various currency pairs.
• By integrating historical analysis with real-time alerts, it enhances trading strategies efficiently.
• With a user-friendly interface and insightful features, it’s an invaluable resource for traders aiming for precision in their entries and exits.