Market / MetaTrader 4 / Indicators /

Arrowhead

FREE

Published: 27 November 2020

Current version: 1.0

Arrowhead

4.4

Indicators
Ivan Grachev
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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The indicator is built on a non-standard Zig Zag, it draws accumulations after which if the price leaves this zone and a test of this zone occurs, then a sound signal is given and an arrow appears - after the test candle closes.The indicator does not redraw its signals, it is very easy to use, there are only three settings 1- this is the zig zag parameter 2- this is the minimum price exit from the zone 3- this is the maximum price exit from the zone. The lower the parameter for Zig Zag, the more

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Day Trader Master is a complete trading system for traders who prefer intraday trading. The system consists of two indicators. The main indicator is the one which is represented by arrows of two colors for BUY and SELL signals. This is the indicator which you actually pay for. I provide the second indicator to my clients absolutely for free. This second indicator is actually a good trend filter indicator which works with any time frame. THE INDICATORS DO NOT REPAINT AND DO NOT LAG! The system is

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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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An automatic trend trading advisor based on an analysis of the current market situation. The adviser determines the direction of the market, monitors built-in indicators, builds breakdown levels and enters the market after they cross. In this case, irrelevant levels are deleted. Advisor is fully automated and ready to go. Please see all my products: https://www.mql5.com/en/users/en_coding/seller Advantage: does not use locks, grids, sitouts, arbitrage and other risky trading strategies; high p

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A fully automated Expert Advisor for making permanent profits in the Forex market with minimal risk. Trading is based on building a channel using moving averages and analyzing the bars for the presence of setups for entry. Please see all my products: https://www.mql5.com/en/users/en_coding/seller Not used : grids, hedging, and other high-risk trading strategies, such as staying a drawdown by saving losing trades. Each order is protected by a fixed stop loss. The money management system is bas

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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

FREE

Filter:

1202

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 ?

414

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 #

User didn't leave any comment to the rating

MAKARIOS YACOUBIAN 2021.07.07 08:49 #

User didn't leave any comment to the rating