So today we have a new indicator for you guys. and today we are going to discuss the Arrow indicator how it works, arrow indicators advantages and disadvantages, and also you can download arrow buy sell indicator from this article.
How Arrow Indicator Works?
its work like this:
its draw two arrows blue and red
- The blue arrow gives you the signal to buy
- and the red arrow gives you the signal to sell
This buy and sell arrow indicator can work well in a strong trading market but it’s not 100% accurate, so you can face problems as sometimes it shows too many false signals in a ranging market.
Advantages of the Buy and Sell Arrow Forex Indicator
So now we are going to discuss the advantages of the arrow indicator. Before the use of any indicator in forex trading you should know about the advantages and disadvantages of that indicator.
- It can be very profitable for you in a strong trading market, you can make profitable pips.
Disadvantages fo the Buy Sell Arrow Indicator MT4
if there is anything that has some advantages then it definitely has some disadvantages.
so now we will discuss the disadvantages of the buy and sell arrow indicator.
- This indicator has lagging issue, trading signals tend to be generated late after the price has moved a fair deal.
How to use Buy Sell Arrow Indicator
It is very simple to trade with buy sell arrow indicator.
- you just need to buy when you see a blue arrow and sell when you see a red arrow.
- combine this buy sell arrow indicator with one moving average indicator like 25 ema or 50 ema or even 100 ema.
- The purpose of the exponential moving average will be to act as a filter if the price is above the ema, you can only take buy trades and completely ignore the red arrows (sell signal).
- similarly, if the price is above the ema and a sell signal is generated on the buy-sell arrow indicator, you completely ignore it.