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SuperArrows AM

The SuperArrows MA indicator displays on a price chart the moments, when the close price exceeds a threshold value which depends on the market volatility. The signal is not redrawn on fully formed bars. The confirmation of the indicator signal is the price movement beyond the high/low of the bar on which the signal appeared.

The indicator is a logical continuation of the series of indicators ( SuperTrend AM , Market_Pulse_AM , Fine_Trade_AM , Fine_Zig_Zag_AM , HyperSignal_AM , FT Mod A AM , ATR_Skalper_Signal ) using the market volatility in calculation for reducing the number of false signals.

The indicator parameters

  • Ind_Sensitivity (>0) - indicator sensitivity value;
  • Ind_Period (>0) - market volatility calculation period;
  • Ind_BarsCount (>-1) - the number of bars the indicator is displayed on;
  • Alerts - show a dialog box containing user data;
  • Text_BUY - custom text for a buy signal;
  • Text_SELL - custom text for a sell signal;
  • Send_Mail - send an email using an address specified on the Email tab of the options window;
  • Subject - email header;
  • Send_Notification - sends push notifications to the mobile terminals, whose MetaQuotes IDs are specified in the Notifications tab.
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Version 3.0 - 2018.05.09
Fixed the link to the website of the author, optimized the basic parameters. Fixed the error in indicator calculation with insufficient bars.