Arrow indicator utilizing variable Parabolic SAR and EMA for trending markets. Will show trend being established and trend continuation, allowing you to ride long trends or scalp.

Designed for:

• Scalping
• Intraday trading
• Long-term trading

Effective for:

• Currency Pairs
• Indices
• Oil
• Silver
• Gold
• Crypto

Recommended timeframes:

• H1
• H4
• Daily
• Weekly
• Monthly

For shorter timeframes, please adjust fully customizable settings. Test to find the optimum settings to suit your trading style.

Function

Arrow is generated when Parabolic SAR is activated and /confirm/ied following 12 EMA and 5 EMA cross, but only when price closes either below (short) or above (long) 200 EMA and 50 EMA in the trend direction.

Parameters

Variables

• Use Send Mail - True/False
• Use alert - True/False
• Use Push Notify - True/False
• Use PSAR for alert - True/False

Indicator 1 = Moving Average 1

• Period_1 = 200
• Shift_1 = 0
• Ma_Method_1 = Exponential
• Apply_to_1 = Close Price

Indicator 2 = Moving Average 2

• Period_2 = 50
• Shift_2 = 0
• Ma_Method_2 = Exponential
• Apply_to_2 = Close Price

Indicator 3 = Moving Average 3

• Period_3 = 12
• Shift_3 = 0
• Ma_Method_3 = Exponential
• Apply_to_3 = Close Price

Indicator 4 = Moving Average 4

• Period_4 = 5
• Shift_4 = 0
• Ma_Method_4 = Exponential
• Apply_to_4 = Close Price

Indicator 5 = Parabolic SAR Settings

• Step = 0.02
• Maximum = 0.2

All settings are fully variable.

For tighter signals and shorter-term trading, Parabolic SAR can be set to 0.01/0.1. Changing EMA and Parabolic SAR settings will allow a lot of flexibility to suit all trading styles.

Please test to find the style that suits you. This is not a 'magic arrow' - they don't exist. Moreover, this is a simple tool designed to help traders find strong entry points.

Always trade safe.