Arrow Signal MT4


Arrow Signal [tambangEA] is a clean and lightweight price action indicator designed to identify potential bullish and bearish directional shifts directly on the chart. The indicator displays clear buy and sell arrows when price breaks above or below recent candle structure, helping traders recognize possible momentum changes with simple visual confirmation.

This tool is suitable for traders who prefer straightforward chart-based signals without excessive filters, complex panels, or unnecessary visual noise.

Key Concept
Arrow Signal uses a simple price action breakout logic:
A Buy Arrow appears when price closes above the highs of the previous candle structure.
A Sell Arrow appears when price closes below the lows of the previous candle structure.
The indicator only displays a new arrow when the detected market direction changes.
Arrow placement is adjusted using ATR, so the signals remain visually separated from the candles.

This makes the indicator useful for identifying potential breakout continuation, short-term momentum shifts, and possible reversal points after market compression.

Main Features
Simple and clean arrow-based signal display.
Buy and sell arrows shown directly on the main chart.
Price action breakout logic based on recent candle highs and lows.
Direction memory system to avoid excessive repeated arrows.
Lightweight and suitable for multiple symbols and timeframes.
Easy to use for both manual trading and strategy confirmation.

How to Use
Attach Arrow Signal to any chart and timeframe. When the indicator detects a bullish price action breakout, a buy arrow will be displayed below the candle. When a bearish price action breakdown is detected, a sell arrow will be displayed above the candle.
The indicator can be used as:
A visual entry signal.
A trend change confirmation tool.
A breakout confirmation indicator.
A supporting signal for existing trading strategies.
A manual trading assistant for scalping, intraday, or swing trading.
For better results, traders may combine Arrow Signal [tambangEA] with additional filters such as trend direction, support and resistance, session timing, spread filter, volatility filter, or higher timeframe confirmation.

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Agus Santoso
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Reply from developer Agus Santoso 2026.08.13 00:32
Thank you Sir
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