Super Arrow Indicator for MetaTrader4 Download - Free - [TF Lab]

The Super Arrow Indicator is a specialized MetaTrader 4 tool built to detect market reversals with high accuracy. By combining several proven indicators—RSI, Bollinger Bands, Moving Averages, and a Magic Filter—it identifies pivot highs and lows and marks them directly on the chart with arrows.

• Green arrows appear at pivot lows, highlighting potential buy zones.

• Red arrows appear at pivot highs, signaling possible sell zones.

This multi-layered filtering approach reduces false signals and gives traders a dependable framework for timing entries and exits.

📊 Indicator Specifications

• Categories: Pivot Points & Fractals | Signal & Forecast | Trading Assist

• Platform: MetaTrader 4

• Skill Level: Beginner to Intermediate

• Type: Reversal, Lagging Indicator

• Timeframes: M15, M30, H1, H4

• Trading Styles: Day Trading | Intraday | Swing Trading

• Markets: Forex | Crypto | Indices | Commodities | Binary Options

🔎 How It Works

Unlike single-indicator systems, the Super Arrow blends multiple signals for confirmation. This ensures stronger accuracy and fewer false alerts.

• Buy Signals: When a green arrow appears at a pivot low, it reflects oversold conditions and a bullish reversal setup.

• Sell Signals: When a red arrow forms at a pivot high, it shows overbought conditions and a bearish reversal opportunity.

For example, on the US500 one-hour chart, green arrows identified low points (A, B, C), while red arrows flagged highs (D, E, F), offering clear long and short signals.

📈 Example Setups

• Bitcoin (BTCUSD, Daily Chart): The indicator plotted green arrows at major bottoms, signaling buy opportunities confirmed by candlestick reversals.

• Gold (XAUUSD, H4 Chart): Red arrows appeared at resistance levels, indicating sell setups that aligned with market retracements.

⚙️ Settings Overview

• Fast MA: 5

• Slow MA: 12

• RSI Period: 12

• Magic Filter: 1

• Bollinger Bands Period: 10

• Deviation: 0.5

• Bulls & Bears Power: 50 each

• Alerts: Enabled (True)

All parameters can be adjusted to suit specific strategies or market conditions.

✅ Conclusion

The Super Arrow Indicator is a practical solution for spotting reversal zones across multiple markets and timeframes. Its clear visual signals—green for buys and red for sells—make it accessible to beginners while still valuable for advanced traders seeking confirmation.

By integrating momentum, volatility, and trend analysis, the Super Arrow offers a structured and reliable method for timing trades in Forex, crypto, indices, and commodities.