Lion Arrow Super Arrow Indicator MetaTrader 4 – Free Download [TradingFinder]

The Lion Arrow Super Arrow indicator on the MetaTrader 4 platform is a comprehensive tool that combines technical analysis with a variety of tools to provide highly accurate trading signals. Its structure is as follows:

• Fast Moving Average (MA) : Identify short-term trends and react quickly to price changes
• Slow Moving Average (MA) : Determine the overall market trend and eliminate short-term noise
• Relative Strength Index (RSI) : Measures momentum and detects overbought or oversold conditions
• Magic Filter : Internal algorithm that filters out counter-trend or low-quality signals
• Bullish Power vs. Bearish Power : Measuring Buying and Selling Pressure to Confirm Market Direction

Note: These components are analyzed simultaneously and if the conditions are consistent, the indicator will draw an arrow signal.

Lion Arrow Super Arrow Indicator Chart

General features of Lion Arrow Super Arrow are as follows:

Lion Arrow Super Arrow at a Glance

The Lion Arrow Super Arrow Indicator starts by checking the condition of each internal component. The indicator signals if all outputs are aligned:

• In a bullish case, a green arrow (upward arrow) appears on the previous candle
• In a bearish case, a red arrow (downward arrow) appears on the previous candle

Using the previous candle instead of the current one makes the signal more reliable; this may delay entries.

Indicators in a Bullish Trend

The chart below shows the EUR/AUD currency pair on a 30-minute time frame.

The tool considers the market bullish if:

• Fast MA is above the slow MA
• RSI moves above 50 level with positive slope
• Bull Power is in positive territory and trending upward

This convergence in data points to growing motivation to buy and growing pressure from buyers on sellers. In this case, a green arrow will appear, giving a buy signal.

Indicators in a Bearish Trend

The chart below shows the Nasdaq 100 (NAS100) Index on the 1 hour time frame.

In a bearish scenario, the Lion Arrow Super Arrow draws a red downward arrow on the previous candle.

This indicates a sell signal and defines an area suitable for short (sell) entries.

Lion arrow super arrow set

The image below shows the settings panel of the indicator:

• Faster Moving Averages : Periods of Faster Moving Averages
• Slower Moving Averages : The Period of the Slow MA
• RSI Period : RSI calculation period
• Magic Filter Period : Magic filter length
• Bollinger Bands Period : Bollinger Bands Length
• Bollinger Bands Movement : Bollinger Bands Shift
• Bollinger Bands Deviation : Bollinger Bands Standard Deviation
• Bulls Power Period : Bulls power calculation period
• Bears Power Period : Bear power calculation period
• Utstup : signal sensitivity threshold
• ALERT : Enable audible alerts
• EMAIL: Send alert to email
• NOTIFICATION : Send notifications to mobile devices
• MESSAGE_TIMEOUT : Time interval between messages
• MESSAGE_SUBJECT : alert message subject

Conclusion

The Lion Arrow Super Arrow trading indicator is a composite signal generation tool for MetaTrader 4. By combining fast and slow Moving Average , RSI, Magic Filter and Bull/Bear Power, it accurately assesses market conditions.

This binary indicator draws green and red arrows on the previous candle, providing suitable entry and exit points for buy and sell trades.