MT5 Arrow Indicator Download – Free | Forex Indicator Download – MetaTrader 5 Resources – MetaTrader 5 Resources

The Arrow indicator in MetaTrader 5 is built on the Bollinger Bands indicator and displays the trailing stop levels for bullish and bearish trends on the chart. The tool uses colored arrows to mark buy and sell signals, while also providing the option to set dynamic stop loss levels.

Arrow Indicator Specification Sheet

The specifications of the arrow indicator are shown in the table below.

Arrow indicator at a glance

In the Arrow indicator, the formation of a green trailing stop line below the candle indicates the continuation of the bullish trend.
Instead, an orange stop loss signal appears above the candle to bearish market dominance. Furthermore, entry signals are marked with arrows on the chart.

bullish trend conditions

According to the Solana (SOL) 30 minute chart of the cryptocurrency , the buy signal is marked with a green arrow and is considered a possible entry point. In this case, the trailing stop line below the candle provides an appropriate area to place a stop loss.

Bearish trend conditions

According to the 1-hour chart of Euro/CHF (EUR/CHF), this indicator confirms a bearish market direction and issues a sell signal.
Under such conditions, above the orange trailing stop line candle is considered a suitable area to place a stop loss.

Arrow indicator settings

The settings for the flash indicator are as follows:

• BB Length: Bollinger Band length • BB Deviation: Bollinger Band standard deviation • Show Signal: Signal display activated • Show Line: Trailing stop line display activated • Lookback: Number of past candles used for calculation

Conclusion

The Arrow indicator draws dynamic trailing stop lines in green and orange colors on the chart, identifying bullish and bearish market trends.
Additionally, colored arrows visually mark trade entry and exit points. This indicator can be applied to multiple timeframes and trading styles.