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

The Super Arrow Indicator is a well-known MT4 tool designed to detect pivot highs, pivot lows, and trend reversals with accuracy. By combining several technical indicators—RSI, Moving Averages, Bollinger Bands, Bulls & Bears Power, and a Magic Filter—it delivers highly filtered buy and sell signals.

Green arrows highlight pivot lows, indicating potential buy zones.

Red arrows highlight pivot highs, signaling possible sell opportunities.

Its multi-layered confirmation system reduces noise and false alerts, making it a valuable resource for traders looking to refine entries and exits.

📊 Indicator Specifications

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

Platform: MetaTrader 4

Skill Level: Beginner / Intermediate

Type: Reversal & Lagging Indicator

Timeframes: M15, M30, H1, H4

Trading Styles: Intraday | Day Trading | Swing Trading

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

🔎 How It Works

The Super Arrow processes multiple signals in real time:

When the market is oversold, a green arrow appears to show a potential buy.

When the market is overbought, a red arrow signals a potential sell.

For example:

On the US500 (H1) chart, pivot lows at points A, B, C generated buy signals with green arrows, while pivot highs at D, E, F were marked with red arrows.

On Bitcoin Daily, green arrows pinpointed reversal bottoms.

On Gold (XAUUSD, H4), red arrows highlighted resistance pivots that led to short setups.

⚙️ Settings

Fast MA: 5

Slow MA: 12

RSI Period: 12

Magic Filter Period: 1

Bollinger Bands: Period 10 | Deviation 0.5 | Shift 0

Bulls/Bears Power: 50

Alerts: True

Utstup: 10

These inputs can be customized to match specific market conditions or trading styles.

✅ Conclusion

The Super Arrow Indicator is versatile and works in both trending and sideways markets. Its clear arrow-based signals make it easy to interpret, even for newer traders, while still offering enough depth for experienced analysts.

In bullish channels, a green arrow at the lower pivot confirms a buy setup.

In bearish channels, a red arrow at the upper pivot suggests a sell trade.

By merging momentum, trend, and volatility analysis, the Super Arrow provides a structured approach to reversal trading across Forex, stocks, crypto, indices, and commodities.