Super Arrow Indicator for MetaTrader5 Download - Free - [TF Lab]

The Super Arrow Indicator MT5 is a powerful MT5 tool that combines RSI 📊, Bollinger Bands 📈, Moving Averages, and Magic Filter 🪄 to detect pivot highs, pivot lows, and trend reversals.

It marks swing lows with green arrows 🟢 for buy opportunities and swing highs with red arrows 🔴 for sell opportunities, helping traders quickly spot high-probability trading points.

📌 Overview

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

• Platform: MetaTrader 5

• Skill Level: Beginner to Intermediate

• Type: Lagging & Reversal Indicator

• Timeframes: M15, M30, H1, H4

• Trading Styles: Intraday, Day Trading, Swing Trading

• Markets: Forex 💱, Crypto ₿, Indices 📈, Binary Options 🎯

⚡ How It Works

The Super Arrow Indicator combines multiple signals to filter false alerts and highlight key market turning points:

• Buy Signals 🟢: Appear at swing lows when the market is likely to turn bullish. Confirm with support levels, trend lines, or candlestick patterns.

• Sell Signals 🔴: Appear at swing highs when the market is likely to turn bearish. Confirm with resistance levels, trend channels, or reversal patterns.

Example Use Cases:

• Dogecoin (M15): Green arrows 🟢 signal pivot lows for buying; red arrows 🔴 indicate pivot highs for selling.

• S&P 500 (H4): Highlights critical turning points for strategic entries.

• NZD/USD (H1): Red arrows 🔴 show swing highs for potential sell trades.

⚙️ Settings

• Faster Moving Average: 5

• Slower Moving Average: 12

• RSI Period: 12

• Magic Filter Period: 1

• Bollinger Bands Period: 10

• Bollinger Bands Shift: 0

• Bollinger Bands Deviation: 0.5

• Bulls Power Period: 50

• Bears Power Period: 50

• Alerts: ✅ Enabled

• Utstup: 10

• Shift: 0

These customizable settings allow adaptation for different markets and timeframes.

✅ Key Advantages

• Identifies high-probability pivot points for entry and exit.

• Works across all timeframes and markets.

• Reduces risk of false signals by combining multiple indicators.

• Can be used with trend channels 📏, Fibonacci levels ✨, support/resistance lines 📉, and divergence analysis 🔄 for stronger confirmation.