High Low Arrows
Gives you a trend visual of peaks and troughs, making it easier to determine where the price is heading, and easier to identify tops/highs and bottoms/lows, when the chart is zoomed out completely.
Uses a special trend algorithm to determine trend change, and plots arrows to indicate the direction change.
Features alert function.
No need to set up the indicator.
How to use:
Simply attach to any chart.
Sell on yellow arrow.
Buy on aqua arrow.
Best results when checking the higher time frames before entering trades, i.e., arrows appear on current and higher 2 time frames. E.g., for a buy, look for blue arrow to appear on H1, H4 and Daily, or lower time frames.
Best results when entering trades from the upper (for sell) or lower (for buy) extreme of indicator window on more than one time frame.
Use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.