Non-Repainting Arrow MT4 Indicator
Non-Repainting Arrow Indicator MT4: If you’re seeking a buy-sell arrow indicator for MT4, here’s one that creates buy and sell signals.
When you add this buy and sell arrow MT4 indicator to any chart, it creates two distinct sorts of arrows depending on a changing color line on the chart. A red arrow is drawn when the line on the chart becomes red. A blue arrow is drawn when the line changes color to blue.
Recommended for charts ranging from 5 minutes to 4 hours
The broker should have low fees, low swaps, and also a fast server. The Trader Indicator works with any broker and any type of account, but we recommend our clients use one of the best brokers listed below:
You may receive Popup Alerts, Emails, and Push Notifications (MT4 mobile notifications).
The ability to run on many charts at once.
Almost all of the varied pairings available on mt4 are supported.
High degree of precision
It may be used for both day trading and scalping.
Buy Rules:Blue Arrows Indicate a Purchase.
Sell Rules:Red Arrows Indicate a Sale.
Exit Rules:Take the arrow that points in the other direction. Exit with a specified profit objective.
For sell trades, it is placed above the previous swing high + spread, and for purchase trades, it is placed below the previous swing low + spread.
I have been following this indicator on YouTube for EURUSD and GBPUSD 5Min charts for the past 2 days and the results are good. one thing is sure that in 5min charts this indicator is a winner.
Non-Repainting Arrow MT4 Indicator download link