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

fractals-explained

Trading Signals

No trading signals from this indicator. Use in conjunction with other trading tools.

Download

Download the Arrows Signals Metatrader 4 indicator.

Configurable Indicator Options

dist, arrowPosition

EUR/USD 1 Hour Chart Example

arrows-signals-mt4,

Share Now!