Super Arrow Indicator for MetaTrader4 Download - Free - [TF Lab]

The Super Arrow Indicator MT4 is one of the most reliable tools in the MetaTrader 4 suite, designed to detect reversal points and highlight pivot highs and lows with precision. It achieves this by combining multiple technical indicators—RSI (Relative Strength Index), Bollinger Bands, Moving Averages, and a unique Magic Filter—into a unified signal system.

On the chart, the indicator plots green arrows at pivot lows to suggest buying opportunities and red arrows at pivot highs to indicate selling opportunities. By using several filters simultaneously, the Super Arrow minimizes false signals and provides a dependable guide for traders seeking accurate entry and exit points.

📊 Indicator Specifications

• Categories: Pivot Points & Fractals | Signal & Forecast | Trading Assist
• Platform: MetaTrader 4
• Skill Level: Beginner-Friendly
• Type: Reversal, Lagging Indicator
• Timeframes: M15, M30, H1, H4
• Trading Styles: Day Trading | Intraday | Swing Trading
• Markets: Forex | Crypto | Indices | Commodities | Binary Options

🔎 How It Works

The Super Arrow Indicator does not rely on a single measure but blends several indicators to confirm signals. This layered approach creates a strong filter against noise and low-quality setups.

• Green Arrow = Buy Signal → Appears at pivot lows, suggesting oversold conditions and bullish reversals.
• Red Arrow = Sell Signal → Appears at pivot highs, signaling overbought conditions and bearish reversals.

For example, on the US500 (S&P 500) one-hour chart, buy signals appeared at pivot lows (A, B, C), while sell signals appeared at pivot highs (D, E, F), effectively marking the turning points in market structure.

📈 Buy & Sell Examples

• Buy Setup: On the Bitcoin daily chart (BTCUSD), green arrows marked key bottoms. These buy signals can be confirmed with candlestick or chart reversal patterns for higher accuracy.
• Sell Setup: On the Gold 4-hour chart (XAUUSD), red arrows appeared at major highs, indicating short opportunities. Combining these signals with classic support and resistance analysis strengthens trade confirmation.

⚙️ Indicator Settings

• Faster Moving Average: 5
• Slower Moving Average: 12
• RSI Period: 12
• Magic Filter Period: 1
• Bollinger Bands Period: 10
• Bollinger Bands Shift: 0
• Bollinger Bands Deviation: 0.5
• Bulls Power Period: 50
• Bears Power Period: 50
• Alerts: Enabled (True)
• Utstup: 10

These parameters can be adjusted to suit different timeframes and strategies.

✅ Conclusion

The Super Arrow Indicator is a powerful tool for identifying market reversals across multiple assets and timeframes. Whether in trending or sideways conditions, it helps traders anticipate turning points with color-coded arrows for simple decision-making.

• Green Arrow → Buy opportunity at bullish pivots.
• Red Arrow → Sell opportunity at bearish pivots.

By combining momentum, volatility, and trend-following indicators, the Super Arrow provides a structured approach to trading in Forex, crypto, indices, and other markets.