Arrowhead
- Indicators
- 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.
It helps point out price movements