Vertex Alert Arrow Indicator Download for MetaTrader 5 – Free – [TFlab] – MT4/MT5 Resource

The Vertex Alert Arrow indicator is an advanced signaling tool on the MetaTrader 5 platform. It combines data from three key indicators: Internal Oscillators, Bollinger Bands, and the Overbought/Oversold (OB/OS) concept.

This MetaTrader 5 signals and prediction indicator uses a multi-level structure to display two types of trading signals on the chart: colored arrows and bold circles represent weak and strong signals respectively.

Indicator characteristics table

The following table summarizes the functions of the Vertex Alert Arrow indicator.

Indicators at a glance

In the initial overbought/oversold zone (+6 or -6 levels), a green or red arrow will appear to identify a regular entry or exit alert.

If momentum reaches a more critical level (such as +10 or -10), the indicator adds a bold circle to the candle, indicating a stronger, riskier trade.

Indicators are in an upward trend

On the EUR/CAD one-hour chart, when the red oscillator line reaches -6, indicating oversold conditions, the indicator shows a green arrow, indicating an initial weak uptrend signal.

When the oscillator moves downward and reaches -10, the situation is interpreted as a strong uptrend signal, which is displayed as a bold blue circle on the candle.

Indicators are in a downward trend

On the CHF/JPY chart, the indicator’s red line reaches +6, indicating overbought conditions, and the red arrow shows a weak downtrend.

When the price moves upward and the oscillator crosses +10, this situation is considered a strong downtrend signal and is marked with a bold red circle on the candle.

Indicator Settings

The parameter settings of the vertex alert arrow indicator are shown in the figure below:

• Processed : number of candles of the indicator processed
• Control_Period : Control period for signal calculation
• Signal_Period : Calculate the period of the signal
• Signal_Method : signal calculation method
• BB_Up_Period : The number of candles used to calculate the upper limit
• BB_Up_Deviation : The standard deviation of the upper band
• BB_Dn_Period : The number of candles used to calculate the lower track
• BB_Dn_Deviation : The standard deviation of the lower limit
• levels : Overbought level
• levels : Oversold levels
• extremelevelOb : extreme overbought level
• extreme levels : extreme oversold levels
• Albertson : Enable all alerts
• alertsOnObOs : Standard overbought and oversold level alerts
• alertsOnExtremeObOs : Extreme overbought and oversold level alerts
• alertsOnCurrent : Alerts for the current candle
• alert message : display alert information
• alert sound : Play alert sound
• alerts email : Send alerts to email
• alerts notify : Send notification reminders
• sound file : Alert sound file
• arrows visible : Enable arrow display
• arrowsIdentifier : The name of the arrow identifier on the chart
• arrowsUpperGap : the gap between the rising arrow and the candle
• arrowsLowerGap : the gap between the falling arrow and the candle
• arrowsOnObOs : Displays standard overbought and oversold arrows
• arrowsObOsUpColor : Buy arrow color
• arrowsObOsDnColor : Sell arrow color
• arrowsObOsUpCode : Purchase arrow graphics code
• arrowsObOsDnCode : sales arrow graphics code
• arrowsObOsUpSize : Buy arrow size
• arrowsObOsDnSize : Sell arrow size
• arrowsOnExtremeObOs : Arrows showing extreme overbought and oversold
• arrowsExtremeObOsUpColor : strong buy arrow color
• arrowsExtremeObOsDnColor : strong arrow color
• arrowsExtremeObOsUp code : strong buy arrow graphic code
• arrowsExtremeObOsDn code : strong selling arrow graphic code
• arrowsExtremeObOsUpSize : Strong buy arrow size
• arrowsExtremeObOsDnSize : forced arrow size

Conclusion

The Vertex Alert Arrow Indicator is an advanced signal tool for technical analysis . It is designed to combine three powerful indicators: Bollinger Bands, Momentum Oscillator and Moving Average .

The indicator works based on overbought and oversold conditions, providing weak and strong signals.