Buy And Sell Arrows Trend Reversal Indicator For MT4
The buy and sell arrows trend reversal indicator for Metatrader 4 is an extremely popular Forex signals indicator that works.
Many traders simply love it due to it’s simplicity!
It’s a typical buy and sell reversal Forex trading indicator.
The trade logic behind the Arrows Trend Reversal indicator is very easy to understand:
- A green dotted rising signal line represents a buy trend.
- An orange dotted declining signal line represents a sell trend.
You can create your own personal signals by editing the signal parameter.
The indicator also includes a money risk component. Feel free to experiment with it.
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Buy And Sell Arrows Trend Reversal Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Buy And Sell Arrows Trend Reversal Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair when the Arrows MT4 indicator draws the first green dot on the Metatrader chart. This is your signal to go long.
Place initial stop loss 2 pips underneath the green dot, or use your own stop loss placement method.
Close the buy trade when the indicator draws its first orange dot on the chart. The trend reversed now to bearish.
Alternatively, exit the buy trade for a fixed take profit target, for example, 18 pips on the 1-minute scalping trading chart.
Sell Trigger: Sell the currency pair when the Arrows MT4 indicator draws the first orange dot on the Metatrader chart. This is your signal to go short.
Place initial stop loss 2 pips above the orange dot, or use your own stop loss placement method.
Close the sell trade when the indicator draws its first green dot on the chart. The trend reversed now to bullish.
Alternatively, exit the sell trade for a fixed take profit target, for example, 60 pips on the 1-hour swing trading chart.
Tip: Aim for a larger profit outlook on the higher time frames (H4, D1)!
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Length, deviation, money risk, signal, line, bars, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.