Speed ​​Arrow Indicator Download for MetaTrader 4 | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

On July 6, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Velocity Arrow indicator is a useful oscillator that shows market trends as well as price acceleration in MetaTrader 4. This indicator uses two lines (one fast and the other slow) to determine the direction and strength of the trend.

When a crossover occurs between these two lines, traders can use technical analysis and take the crossing of these lines as a buy or sell signal and make trading decisions accordingly.

speed arrow indicator

The following is information related to the speed arrow indicator.

Indicators at a glance

The Speed ​​Arrow indicator is designed as an oscillator, using fast and slow lines to show market trends. Traders can evaluate the acceleration of a market trend and use the crossover between the fast and slow lines as an entry signal to buy or sell.

This binary indicator can be effectively used to identify trend changes and the best entry points for trades.

Uptrend

On the 15-minute chart of Gold (XAUUSD), on the Speed ​​Arrow oscillator, the fast line (green) crosses above the slow line (orange), indicating an uptrend.

Traders can enter a buy trade by observing the crossing of this line. Additionally, by evaluating the number and slope of upward moving lines, traders can assess price acceleration and perform more detailed analysis to manage trades.

Downtrend

On the 30-minute chart of the AUD/USD currency pair, traders can use the Speed ​​Arrow indicator to identify market trends. A sell signal is generated when the fast line (green) moves down and crosses the slow line (orange).

Once this downward crossover occurs, traders can enter a sell trade. Furthermore, the greater the downward slope and movement of these two lines, the greater the acceleration of price in a downtrend, confirming the market's momentum.

Speed ​​arrow indicator settings

Here are the settings for the speed arrow indicator:

• ALERT: Set alert status
• EMAIL: Set email alert status
• NOTIFICATION: Set notification reminder status
• Length 1: Set the calculation period of the fast line (green)
• Applied Price 1: Set the calculation type of fast line (green)
• Length 2: Set the calculation period of slow lines (orange)
• Applied Price 2: Set the calculation type of slow line (orange)
• Show Arrows: Set the display status of cross signals
• Arrow Displacement: Set the distance of the signal from the candlestick
• Up Arrow Color: Set the color of the up signal
• Down Arrow Color: Set the color of the down signal
• Up Arrow Code: Set the code for the upward signal
• Down Arrow Code: The code that sets the down signal

Conclusion

The Speed ​​Arrow indicator is a specialized and practical tool for traders who wish to identify market trends and receive entry signals. By displaying two lines (fast and slow), this indicator allows the user to evaluate not only the direction of the trend, but also the acceleration of the price.

Traders can use a trading strategy and perform more advanced market analysis by analyzing the number and slope of line movements to gain a deeper understanding of the strength of the trend. This feature makes the Speed ​​Arrow indicator an effective tool for trading decisions.