Super Arrow Indicator for MetaTrader5 Download - Free - [TF Lab]
$6.97 CAD
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The Super Arrow Indicator for MT5 combines multiple technical signals—including RSI ?, Bollinger Bands ?, Moving Averages, and Magic Filter ?—to identify potential market reversal points and key pivot highs and lows.
It marks swing lows with green arrows ? for buy opportunities and swing highs with red arrows ? for sell opportunities, giving traders a clear visual guide for optimal entries and exits.
? Indicator Specifications
Categories: Pivot Points Fractals, Signal Forecast, Trading Assist
Platform: MetaTrader 5
Skill Level: Elementary
Type: Lagging / Reversal Indicator
Timeframes: M15, M30, H1, H4
Trading Styles: Swing Trading, Intraday, Day Trading
Markets: Forex ?, Crypto ?, Indices ?, Binary Options ?
? How It Works
The Super Arrow Indicator filters signals from multiple indicators to reduce false alerts and highlight high-probability pivot points:
Buy Signals ?: Appear at swing lows when multiple indicators align with a bullish trend. Confirm entries using support levels, trend channels, or candlestick patterns.
Sell Signals ?: Appear at swing highs when indicators confirm a bearish trend. Confirmation can be reinforced with resistance levels, trend lines, or reversal patterns.
Example Usage:
Dogecoin (M15): Green arrows ? mark key lows, red arrows ? mark key highs.
S P 500 (H4): Signals appear at major pivot points for potential trend continuation.
NZD/USD (H1): Red arrows ? mark swing highs indicating potential reversals.
?? Settings
FasterMovingAverage: 5
SlowerMovingAverage: 12
RSIPeriod: 12
MagicFilterPeriod: 1
BollingerBandsPeriod: 10
BollingerBandsShift: 0
BollingerBandsDeviation: 0.5
BullsPowerPeriod: 50
BearsPowerPeriod: 50
Alerts: ? True
Utstup: 10
Shift: 0
These settings allow traders to adapt the indicator to different markets and trading styles.
? Conclusion
The Super Arrow Indicator is a powerful tool for spotting pivotal market highs and lows across multiple timeframes and assets. By combining signals from several indicators, it improves accuracy and highlights high-probability trades.
For best results, pair it with channels ?, Fibonacci levels ?, trend lines ?, and divergence analysis ? to strengthen your trading decisions.