The indicator with Trend Filter to help you trade in the direction of the trend.
The principle of product operation is an smart algorithm that analyzes every new bar and provides entry arrows in the beginning and in the continuation of the trend allowing you to trade without effort every day of the week.
DayTradingArrow defines the trend based on a professional strategy and is designed to simplify the analysis of the market.
This FREE version of the indicator works only on EURUSD H1. The full version of the indicator can be found here: DayTradingArrow
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 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.
- ARROWPERIOD - number of bars used to calculate the arrows.
- ARROWPERIOD - 4 when using default settings.
- ARROWPERIOD - 4 to 6 to use a stronger filter.
- LINEPERIOD - number of bars.
Maximize the potential of DayTradingArrow indicator
- Free Version: Works on EURUSD H1 only.
- Full Version: Works in all symbols and TF + alerts + (EA). DayTradingArrow full version is available here
Test the demo version and see how the indicator works.