M1 Sniper Arrow Indicator MT5
- Indicators
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Shashikant Jawahar Dhuri
Shashikant Dhuri — India
I have been trading for 8 years, and for the last 5 years I have been a full-time trader.
Trading and building trading tools are my passion. I develop in MQL4, MQL5 and Pine Script. - Version: 1.0
- Activations: 18
M1 Sniper Arrow
M1 Sniper Arrow is a non-repaint arrow indicator built for M1 scalping. It does not mark every small move on the chart. It waits for a specific setup and marks only the candles where that setup is complete, so arrows are selective even on the fastest timeframe.
Every arrow is placed only after the signal candle has fully closed. Once an arrow or an EXIT label appears, it stays on that candle and is never moved, redrawn or removed. What you see in history is exactly what you would have seen live.
How the signal is built
An arrow needs three things to agree at the same time.
Trend filter. A trend reading on the working chart must point in the direction of the trade.
Oscillator agreement. Two oscillator readings must confirm the same direction. One of them is taken from a higher timeframe, read only from a bar that has already closed.
Pullback candle inside the trend. Price must make a short pullback against the trend and then close back in the trend direction. For a buy arrow, a bearish candle is followed by a bullish candle whose low dipped into the trend zone. For a sell arrow, the mirror image.
When all three agree, a lime up arrow is placed below the candle for a buy, or a red down arrow above the candle for a sell.
EXIT label
After an arrow, the indicator keeps checking every closed candle. As soon as the trend filter or the oscillators stop agreeing with the trade direction, or an opposite arrow forms, a silver EXIT label is placed on that candle and an alert is sent.
The EXIT label shows where the conditions behind the arrow no longer hold. It gives you a clear, rule-based point to close or review the trade, instead of waiting for a fixed target. The signals are designed around tight stop placement; the natural protective stop for a buy arrow sits below the signal candle low, and for a sell arrow above the signal candle high. Measure the distances yourself in the Strategy Tester on your own symbol and broker.
Designed for M1
As the name says, the logic is designed and tuned for the M1 chart. It also runs on M2. On M3 and higher the indicator will not attach, because the settings are not meant for slower charts.
Arrow and label distances are calculated from market volatility, not from fixed points, so they look right on forex pairs, JPY pairs, gold, indices and crypto alike.
Alerts
An alert is sent once, when a candle closes with a new arrow or an EXIT label. Popup, sound, push notification and email are available. The message shows symbol, timeframe, the event (BUY ARROW, SELL ARROW, EXIT BUY, EXIT SELL) and the candle time.
Input parameters
Arrow Colours
Buy Arrow - colour of the buy arrow (default Lime)
Sell Arrow - colour of the sell arrow (default Red)
Exit Label - colour of the EXIT text (default Silver)
Arrow Distance From Candle - how far arrows and labels sit from the candle, based on volatility. 5 equals half an average candle range; raise it to move marks further away.
Maximum Arrows And Labels On Chart - how many of the most recent marks are kept on the chart (0 = no limit).
Alerts
Enable Alerts On New Arrow Or Exit - master switch for all alerts
Popup Message - show an alert window
Sound - play a sound
Sound File - sound file from the terminal Sounds folder
Push Notification - send to the MetaTrader mobile app (set up in terminal options)
Email Notification - send by email (set up in terminal options)
For Expert Advisors
The indicator exposes readable buffers: buffer 3 arrow signal (+1 buy, -1 sell), buffer 4 exit signal (+1 exit after buy, -1 exit after sell), buffer 5 state (+1 in buy, -1 in sell, 0 flat). Read at shift 1.
Try before you buy
The free demo runs in the Strategy Tester. Run it in visual mode on M1 and check every arrow and EXIT label against the chart before you decide.
Disclaimer
This indicator is an analysis tool and does not place trades. It does not predict future price movement, and no indicator can guarantee profitable results. Past signals in history or in the Strategy Tester do not guarantee future performance. Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Always use a stop loss, manage your position size, and trade only with money you can afford to lose. All trading decisions and their results are your own responsibility.
