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

The Super Arrow Indicator is an advanced 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, making it easier for traders to identify high-probability entry and exit points.

📌 Overview

Indicator 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 filters multiple signals to provide reliable trade alerts:

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

Sell Signals 🔴: Appear at swing highs when a bearish trend is expected. Confirm with resistance levels, reversal patterns, or trend lines.

Examples:

DOGECOIN (M15): Green arrows 🟢 signal buy zones; red arrows 🔴 indicate sell zones.

S&P 500 (H4): Highlights major pivot points for trend-based trades.

NZD/USD (H1): Red arrows 🔴 mark swing highs for potential short 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 options allow traders to customize the indicator for any market or timeframe.

✅ Advantages

Pinpoints high-probability pivot points for precise entries and exits.

Compatible with all major timeframes and financial markets.

Reduces false signals using multi-indicator filtering.

Works with trend channels, Fibonacci levels, support/resistance, and divergence analysis for stronger confirmations.