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FX Arrow

Using signals generated by a single indicator can be risky while trading. This is because using just one indicator to trade can give more false signals. Thus, many forex traders used three or more indicators to filter out good trade setups.

However, using multiple indicators for signals can also be complicating and confusing. This is especially true when these indicators are generating contradictory signals. The Super Arrow indicator, however, provides good signals by using multiple indicators. Thus, the FX Arrow indicator for MT4 avoids the problem of indicators contradiction.


The foundation

The FX Arrow indicator for MT4 uses multiple indicators to generate high-winning signal trades. These indicators combined are the Moving Averages, Relative Strength Index, Bollinger Bands, and Magic Filter. These indicators are utilized by the FX Arrow indicator to filter out false signals as well as to generate good ones.


How to use the FX Arrow indicator

In a trending market, it is advisable to buy when this indicator paints a green arrow in the lower trendline of the descending channel. The buy trade is advised to be closed when the indicator paints a red arrow or when the price reaches the upper trendline of the descending channel.

Consequently, it is advisable to open a short position when this indicator paints a red arrow in the upper trendline of the descending channel. The sell trade is advised to be closed when the indicator paints a green arrow or when the price reaches the lower trendline of the descending channel.

Conclusion

The FX Arrow indicator for MT4 uses multiple indicators to give high-rewarding signals. These signals can be easily understood by new and professional traders. This indicator can also be used to enter and exit trade.

The FX Arrow indicator works in all market conditions (trending and ranging market) and in all time frames. This indicator can be used solely or in combination with other indicators as well as with price action and market structure analysis.


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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
TW Trend Sniper MT4
Altan Karakaya
5 (2)
Presentamos el indicador   "TW trend sniper"   , un potente indicador que se utiliza para identificar las principales tendencias mediante el uso de la fórmula de indicador exclusiva   "Trade Wizards"   junto con el uso de la acción del precio, la detección de sesiones de negociación de divisas, Fibonacci y funciones de detección y Métodos de eliminación de ruido de inteligencia artificial con alta precisión. Esta estrategia diseñada por el   "grupo Trade Wizards",   formado por operadores exper
Trend Forecasting
Mohamed Hassan
5 (20)
This indicator is unstoppable when combined with our other indicator called Katana. After purchase, send us a message and you could get Katana for FREE as a BONUS After purchase, send us a private message for your instructions.  MT5 version: click here 3 copies left available at $45. Next price is $95. Don't miss this great deal!  The Trend Forecasting indicator is a very unique & easy tool that is able to make prediction about future price movement based on the signals generated
Up down v6T
Guner Koca
5 (1)
Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that
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Mohamed Hassan
5 (1)
‍You can visually backtest Elliot Wave Impulse   to see how it behaved in the past!     Manual guide:   Click here Starting price of  $45  for the first 25 copies ( 4 left)! -- Next price is   $99 .  This indicator is unstoppable when combined with our other indicator called Katana . After purchase, send us a message and you could get  it  for  FREE as a BONUS!  The Elliot Wave Impulse is a pattern  identified in the Elliott Wave Theory, a form of technical analysis used to ana
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