Arrows Signals Metatrader 4 Indicator
An indicator based on Fractals (Bill Williams). It’s a series of at least 5 successive candlesticks with the highest/lowest candlestick in the middle. The arrows signal indicator can be used to identify short-term tops and bottoms in trends. It can also be useful to draw trend lines (see indicator image below).
Up and Down Fractals
No trading signals from this indicator. Use in conjunction with other trading tools.
Configurable Indicator Options
EUR/USD 1 Hour Chart Example