Super Arrow Indicator Download for MetaTrader5 - Free - [TF Lab] - MT4/MT5 Resources

On June 22, 2025, in version 2, the indicator added alert/notification functionality

The Super Arrow indicator is part of the MetaTrader 5 indicator family, which combines signals from multiple indicators to provide the most likely signals for reversal points as well as pivot highs and lows.

The combination includes the RSI, Bollinger Bands , Moving Average, and Magic Filter indicators, with green arrows identifying lows and red arrows identifying highs.

Indicator Table

In the image shown, the 15-minute price chart of Dogecoin with symbol [DOGECOIN] shows points A and B as swing lows, where the indicator has issued a buy signal (Buy) with a green arrow.

Furthermore, points C and D represent swing highs where the indicator has issued a sell signal (Sell) with a red arrow.

Overview

When different indicators send conflicting signals at the same time, traders can confuse their decisions, leading to significant risks in trading.

To mitigate this, combining multiple indicators can help filter out false signals, allowing for more reliable trading.

When the upcoming trend is bullish, the Super Arrow indicator identifies potential lows (troughs) with green arrows and multiple indicators show buy signals.

Likewise, when the future market trend is bearish and there are multiple sell signals, it marks potential highs (peaks) with red arrows.

This approach helps traders make more informed decisions by focusing on the most likely trend reversal points.

Buy signal (uptrend)

The chart below shows the 4-hour chart of the S&P 500 with the symbol (US500). The indicator has identified the main troughs at points 1 and 2, which are important starting points for the trend, and marked them with green arrows as buy signals (Buy).

As these buy signals occur, traders can prepare to enter a buy position by considering support levels (support) and confirmations such as candlestick patterns, classic patterns, chart patterns, trendlines, and channels.

Sell ​​signal (downtrend)

The chart below shows the 1 hour chart of the NZD/USD currency pair.

The binary indicator has identified the main peaks at the main pivots 1 and 2 where the key trend starts. At the highs where the MT5 signals and forecast indicators show red arrows, there is potential for a price reversal and a sell signal (Sell) has been issued.

Utilizing trend lines, static resistance levels, and reversal patterns can help confirm these sell signals provided by indicators.

Super Arrow Indicator Settings

• FasterMovingAverage : Set the fast moving average to 5;
• SlowerMovingAverage : Set the slow moving average to 12;
• RSIPeriod : The time period of the RSI indicator should be 12;
• MagicFilterPeriod : Set the time period of the Magic Filter indicator to 1;
• Bollinger Band period : The time period of Bollinger Band is 10;
• BollingerbandsShift : The offset of Bollinger Bands is set to zero;
• Bollinger Bands Bias : Set the Bollinger Bands bias to 0.5;
• BullsPowerPeriod : The time period of the Bulls Power indicator is 50;
• BearsPowerPeriod : The time period of the bear power indicator is 50;
• Alerts : Set indicator alerts to True;
• Utstup : Set the quantity to 10;
• Shift : The indicator's displacement is set to zero.

Conclusion

Identifying lows and highs (troughs and peaks) is the primary goal of financial market traders.

By utilizing signals from various indicators, the Super Arrow indicator identifies the points that are most likely to become major and key market lows and highs.

It can be used on all financial markets and on different time frames. It is also recommended to combine its signals with other analytical tools such as price channels, regression channels, Fibonacci levels, and divergences for more robust trading decisions.