Market / MetaTrader 4 / Indicators /

Arrowhead

FREE

Published: 27 November 2020

Current version: 1.0

Arrowhead

4.4

Indicators
Ivan Grachev
Ivan Grachev
Russia

79077
4.1 (112)
9 products
Version: 1.0

Indicator determines the direction of price movement, calculates the possibility of entering the market using an internal formula and displays a breakout entry signal. Indicator signals appear both at the beginning of trend movements and in the opposite direction, which allows you to open and close orders as efficiently as possible in any of the market conditions.

Version for МТ5: https://www.mql5.com/en/market/product/58980

Benefits:

a unique signal calculation formula;
high signal accuracy;
does not redraw, does not lag, does not recalculated at the time of testing and real work;
easily adjusted settings for the current market using one "Sharp" variable;
can be used on any TF (by default - H1);
suitable for any type of trading from pipsing and scalping to conservative long-term trading;
a complete system of alerts from messages, mail to PUSH notifications.

Rules for evaluating entries by indicator:

the appearance of an arrow icon under the bar - a buy signal;
the appearance of an arrow icon above the bar - a sell signal;
arrows in different directions have different colors.

Additional setting:

You can more accurately adjust the indicator for the current market using the "Sharp" variable in the indicator settings. By changing it, you change the frequency and accuracy of the signal, the higher the value, the less frequent and more accurate the signal, and vice versa. Thus, you can easily determine the necessary settings for each instrument and make market entries even more effective.

Indicator parameters:

Sharp	-	value of the variable that determines the signal accuracy
Alerts	-	enable the alert system when signals appear
AlertMessage	-	alert about the signal in the window
SoundMessage	-	sound message
EmailMessage	-	a message about the signal to the mail specified in the terminal
PushMessage	-	PUSH message to mobile phone

The indicator can be used as a separate trading system or as an addition to an existing one.
On the screenshots below you can see examples of using the indicator on the chart.

more...

3471

John Winsome Munar 2022.06.15 00:09 #

It helps point out price movements

214

Guan Shao Zong 2021.09.25 03:39 #

好东西！感谢分享！期待更多更优秀创作！

JoiceMan 2022.03.24 17:35 #

👌

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Follow Trend Steps Follow Trend Steps: See Your Price Zones Before the Market Moves Plan your trades around clear price zones, not guesswork. Follow Trend Steps draws clean, color-coded zones directly on your chart, showing where price has recently turned and where it may react again, so you can plan entries, exits and risk with confidence. Available for Meta Trader 4 and Meta Trader 5. Why traders use Follow Trend Steps Every chart is full of noise. Support and resistance lines are drawn diff

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This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak. The basic principle Given eight currencies, USD,EUR,GBP,AUD,NZD,CAD,CHF,JPY, where each pair of two can be combined, resulting in a total of 28 pairs, a reverse algorithm is used to extract the strength of the eight currencies from these 28 pairs EURUSD,GBPUSD,AUDUSD,NZDU

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EA finds the largest volume in the market and determines the level for entry. After crossing the level towards the breakdown, a market order is opened. The EA builds a two-sided grid of orders, adapting to the market. Each direction of orders works separately and has its own take-profit. Thus, the adviser covers the whole trend, starting from its start, while the adviser perfectly passes the flat market condition, trading both directions. Please see all my products: https://www.mql5.com/en/user

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The indicator looks for consolidation (flat) in the market at a certain time, builds a box-channel and marks levels indented from it for a breakdawn. After crossing one of the levels, the indicator marks the zone for take profit and calculates the corresponding profit or loss in the direction of this entry on the panel. Thus, the indicator, adjusting to the market, finds a flat area of the market, with the beginning of a trend movement to enter it. Version for MT4: https://www.mql5.com/en/market

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The Expert Advisor builds a grid of orders, defining inputs by built-in setups. After accumulating the profit specified in the settings, it closes the remaining orders to breakeven. Open “breakout” orders create a grid according to the trend, and each separately “trailing” order allows you to maximize profit from the market. Please see all my products: https://www.mql5.com/en/users/en_coding/seller Benefits: a unique algorithm for constructing a grid of orders, eliminating the minimum delta be

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Filter:

1262

Hendrikus Pelgrim 2025.03.10 16:27 #

still testing

3471

John Winsome Munar 2022.06.15 00:09 #

It helps point out price movements

JoiceMan 2022.03.24 17:35 #

👌

214

Guan Shao Zong 2021.09.25 03:39 #

好东西！感谢分享！期待更多更优秀创作！

Ali Raeed 2021.09.06 17:37 #

super cool thanks man can u update a new version ?

533

Arhyel Mshelia 2021.09.01 22:12 #

Very good indicator when you play around with the settings better than many paid indicators out there

2584

ThorstenKock 2021.08.03 23:13 #

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MAKARIOS YACOUBIAN 2021.07.07 08:49 #

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Ivan Grachev

Version for МТ5: https://www.mql5.com/en/market/product/58980

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