Super Arrow Indicator for MetaTrader5 Download — Free — [TF Lab]

Super Arrow Indicator for MetaTrader 5

The Super Arrow Indicator for MetaTrader 5 is a sophisticated tool designed to identify potential market reversal points by integrating signals from multiple technical indicators. This integration enhances the accuracy of detecting pivot highs and lows, providing traders with clearer entry and exit signals.

💎source:
https://tradingfinder.com/products/indicators/mt5/super-arrow-free-download/

🔗free indicator download:
https://cdn.tradingfinder.com/file/41349/super-arrow-mt5-by-tflab.zip

Key Features

• Indicator Category: Signal and Forecast
• Platform: MetaTrader 5
• Skill Level: Beginner
• Indicator Type: Reversal — Lagging
• Timeframes: M15, M30, H1, H4, D1
• Trading Styles: Intraday, Day Trading, Swing Trading
• Applicable Instruments: Forex, Cryptocurrencies, Indices

Overview

The Super Arrow Indicator combines signals from the Relative Strength Index (RSI), Bollinger Bands, Moving Averages, and a proprietary Magic Filter to identify probable reversal points. It marks potential lows with green arrows, indicating bullish reversals, and potential highs with red arrows, indicating bearish reversals. This multi-indicator approach helps filter out false signals, aiding traders in making more informed decisions.

🔍Buy Signals (Uptrends)

In an uptrend, the indicator identifies significant valleys and marks them with green arrows as buy signals. Traders are advised to consider additional confirmations such as support levels, candlestick patterns, chart patterns, trend lines, and channels before entering a buy position.

🔍Sell Signals (Downtrends)

Conversely, in a downtrend, the indicator identifies significant peaks and marks them with red arrows as sell signals. Utilizing trend lines, static resistance levels, and reversal patterns can help confirm these sell signals.

Indicator Settings

The Super Arrow Indicator offers customizable settings to suit individual trading preferences:

• Faster Moving Average: Set to 5
• Slower Moving Average: Set to 12
• RSI Period: 12
• Magic Filter Period: 1
• Bollinger Bands Period: 10
• Bollinger Bands Shift: 0
• Bollinger Bands Deviation: 0.5
• Bulls Power Period: 50
• Bears Power Period: 50
• Alerts: Enabled (True)
• Utstup: 10
• Shift: 0

Summary

The Super Arrow Indicator is a valuable tool for traders aiming to identify key reversal points across various financial markets and timeframes. By combining multiple indicators, it provides a comprehensive analysis that enhances trading decisions. For optimal results, it is recommended to use this indicator in conjunction with other analytical tools such as price channels, regression channels, Fibonacci levels, and divergences.

FAQs

❓What distinguishes the Super Arrow indicator from other indicators?

It integrates multiple technical signals to minimize false alerts.

❓Can the Super Arrow indicator issue signals before the trend changes?

Yes, it often flags early signs of potential reversals.