MT4 arrow indicator

MT4 arrow indicator

MT4 Arrow Indicator is a momentum-based technical indicator for MetaTrader 4, designed to provide clear buy and sell arrow signals based on changes in market momentum.

The indicator calculates momentum conditions and plots arrows after candle close, helping traders identify potential entry opportunities in a structured way.

Key Features

Stable Signal Generation
Signals are generated after candle close to ensure consistency
Historical signals remain fixed once confirmed
Can be used for both historical analysis and real-time trading

Buy & Sell Logic
Buy signals appear when momentum moves out of the oversold area
Sell signals appear when momentum moves out of the overbought area
Threshold levels can be adjusted based on trading style

Alert System
Platform popup alerts
Mobile push notifications (if enabled in MT4)
Email alerts (optional)
Option to limit alerts to once per candle

Display Options
Can be displayed on the main chart
Customizable arrow colors
Adjustable overbought and oversold levels

Parameters

Intermediate Length – Defines the calculation period
Buy Level – Oversold threshold level
Sell Level – Overbought threshold level
Plot on Main Chart – Display arrows on the price chart
Enable Alerts – Enable popup alerts
Enable Push – Enable mobile notifications
Enable Email – Enable email alerts
Alert Only Once – Trigger only one alert per candle

Markets & Timeframes

This indicator can be used on various markets including:
Forex, commodities, indices, stocks, and cryptocurrencies

Supported timeframes: M1 to MN1