Lion Arrow Super Arrow Indicator MetaTrader 5 – Free Download [TradingFinder]

The Lion Arrow super arrow indicator in MetaTrader 5 acts as a hybrid analysis system that combines a variety of advanced technical analysis tools to provide trading signals. Key components of the system include:

• Faster Moving Average : A tool that responds to immediate price changes and is suitable for identifying short-term market trends;
• Slower Moving Average : An indicator that identifies current market trends and reduces the impact of temporary fluctuations;
• Relative Strength Index (RSI) : A tool for assessing momentum and detecting overbought and oversold conditions ;
• Magic Filter : Proprietary algorithm to filter out low-quality signals;
• Bullish Power vs. Bearish Power : Indicators that measure buying and selling pressure and confirm trend direction.

Lion Arrow Super Arrow Indicator Chart

The following table shows the specifications of Lion Arrow Super Arrow indicators:

Lion Arrow Super Arrow at a Glance

The Lion Arrow Super Arrow indicator first evaluates data from each of its internal analytical components and only issues a trade alert when the results of all these tools align in one direction. Then, it generates an entry signal as shown below:

• In an uptrend, a green arrow is drawn on the previous candlestick
• In a downtrend, a red arrow is drawn on the previous candlestick

Showing an arrow on the previous candle makes the signal more reliable, but may cause a slight delay in trade entry.

Indicators are in an upward trend

The price chart below shows the CAD/CHF currency pair on the 1-hour time frame.

In an uptrend, the following conditions must be met:

• The faster moving average is higher than the slower moving average
• RSI is above the 50 level and trending upward
• Bull market forces are positive and trending upward

Therefore, the market shows bullish conditions and a green arrow is issued as a buy signal.

Indicators are in a downward trend

The XAU/USD price chart on the 15-minute time frame is shown below.

In a bearish scenario, Lion Arrow Super Arrow places a red downward arrow on the previous candlestick as a sell alert. This provides a suitable opportunity to enter a short trade.

Lion arrow super arrow set

The image below shows the settings panel of the Lion Arrow indicator in MetaTrader 5:

• Faster Moving Averages : Periods of Faster Moving Averages
• Slower Moving Average : The period of the slow moving average
• RSI Period : RSI calculation period
• Magic Filter Period : The period of the magic filter
• Bollinger Bands Cycles : Bollinger Bands Cycles
• Bollinger Bands Movement : Bollinger Bands Movement
• Bollinger Bands Deviation : The standard deviation of Bollinger Bands
• Bulls Power Period : Bulls power calculation period
• Bears Power Period : Bears Power Calculation Period
• Utstup : signal sensitivity threshold
• ALERT : Enable audible alerts
• EMAIL : Send alerts to email
• NOTIFICATION : Send alerts to mobile devices
• MESSAGE_TIMEOUT : Time interval between alerts
• MESSAGE_SUBJECT : alert message subject

Conclusion

The Lion Arrow Super Arrow trading indicator in MetaTrader 5 is a hybrid system for generating trading signals.

This binary trading tool analyzes the market with high precision by using fast and slow moving averages, RSI, magic filter, and bullish and bearish power indicators.

It identifies the best entry opportunities for buy and sell trades by displaying green and red arrows on the previous candle.