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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 for Metatrader 4 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.mq4 indicator.

    Configurable Indicator Options

    dist, arrowPosition

    EUR/USD 1 Hour Chart Example

    arrows-signals-mt4

    How to install the Arrows Signals custom indicator in Metatrader 4?

    • Download the Arrows Signals.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.