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DayTradingArrow

DayTradingArrow is an intelligent indicator that includes a trend reversal strategy and an adaptive trend strategy built as a highly adaptive smart algorithm in one tool!

DayTradingArrow smart algorithm detects the market reversal early and gives signals in the direction of the trend!

Indicator use professional strategy and is designed to simplify the analysis of the market and increase productivity.

You will also immediately get an alert, e-mail and notification message.


Features of DayTradingArrow

  • Easy to understand trend direction.
  • Easy to make trading decision.
  • Gives entry, stop loss and take profit levels.
  • Excellent trend scalping system.
  • Never repaints.
  • Trade signals every day.
  • Signals appears on the close of the bar.


How To Trade

We recommend using a higher timeframe to identify the general trend and use a smaller timeframe to identify and confirm potential trades.

We have a signal to buy when a new buy arrow appears and the price is above the stop line. We have a signal to sell when a new sell arrow appears and the price is below the stop line.

  • Close buy signal when the price closes below the stop line.
  • Close sell signal when the price closes above the stop line.


Parameters

  • ARROWPERIOD - number of bars used to calculate the trend.
    • ARROWPERIOD - 6 when using default settings.
    • ARROWPERIOD - 4 to 6 to use a stronger filter.
  • TrendPERIOD - number of bars used to calculate the arrows.
    • TrendPERIOD - 1 when using default settings.
    • TrendPERIOD - 1 to 6.
  • LINEPERIOD - number of bars.
  • AlertOn - enable alerts.
  • EmailAlert - enable email alerts.
  • PushAlert - enable push notifications.
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Version 2.0 - 2018.02.28
Added new parameter:
ARROWPERIOD - number of bars used to calculate the arrows.