The Buy Sell Arrow Metatrader 4 indicator is a technical indicator that draws buy/sell arrows on the chart window upon confirming when a trend will commence.
The indicator works pretty well in both trending and tight ranging markets and suits beginner traders.
Series of colored arrows are evident on the chart window upon activating the Buy Sell Arrow Indicator.
The indicator alerts will display clear signals on all time frames for buy and sell market directions.
This arrow signals work for scalping, day trading and swing trading purposes.
The indicator’s buy and sell arrows on the chart window are easy to read, which explains its extreme usefulness in determining trend.
- In order to fully grasp how the market works, pay more attention to how the price of the currency pair reacts to the arrows on the Buy Sell Arrow
- A blue arrow represents a buy signal.
- A red arrow represents a sell signal.
Feel free to explore the Buy Sell Arrow indicator’s different parameters and settings to create your own personalized indicator setup.
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Buy Sell Arrow Forex Indicator Chart (NZD/CHF H4 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Buy Sell MT4 Indicator
Buy Signal: Go long when the blue upward pointing arrow of the Buy Sell Arrow MT4 indicator gets printed below the candlesticks.
Sell Signal: Go short when the red downward pointing arrow of the Buy Sell Arrow MT4 indicator gets printed above the candlesticks.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Buy Sell Arrow indicator positions a red arrow on the activity chart.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Buy Sell Arrow indicator positions a blue arrow on the activity chart.
Tips: The Buy Sell MT4 Indicator can make you a lot of profits by sticking to the rules.
When used in combination with other technical indicators like the 50 EMA, MACD and Alligator, it churns out profits exponentially.
The 50 EMA for instance acts like price filter, and when in use, price above/below its line would indicate a buy/sell signal respectively.
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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.