The Momentum Arrows Indicator is a trading tool designed to identify potential breakout movements in the market. This Momentum Indicator analyzes momentary breakouts using a combination of band deviation and changes in volatility in a certain direction.
How this Arrows Indicator Works
This Arrows Indicator generates trade signals based on the price movement relative to predefined bands:
- A Buy signal is triggered when the price closes above the upper band.
- A Sell signal appears when the price closes below the lower band.
A user-defined input called the magnitude coefficient affects the bands themselves. This coefficient simultaneously influences the level of band deviation and how volatility is measured. It is important to choose this value appropriately, as it can change the sensitivity of the indicator. The ideal setting often depends on the specific trading instrument and the time frame.
Practical Considerations
This Arrows Indicator is primarily built for traders who are focused on momentum based strategies. False signals can happen because it relies on breakout behavior, especially in choppy or sideways markets. Adjusting the magnitude coefficient might help reduce noise, but some trial and error may be involved. As with most technical tools, testing the indicator with historical data is recommended before integrating it into a live trading strategy.
The Momentum Indicator can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live.
Arrows Indicator is straightforward. Even a complete beginner can start trading and making profits with this system. You can set it to send you a signal alert via mobile notification, platform pop-ups, and email. This is helpful because it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
Momentum Indicator can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. It can also be used on any time frame that suits you best, from the one-minute to the one-month charts.
1ms Latency to Your Broker
100% Uptime Guarantee
Max Leverage
Small Accounts
Platforms
1:2000
Yes ✅ (Cent)
MT4, MT5
No Commission
Download a Collection of Indicators, Courses, and EA for FREE
Key Features of this Momentum Indicator
- No Repaint – Once a signal appears by the Momentum Indicator, it remains on the chart.
- Signal Alerts – Offers notifications via email, mobile alerts, and platform popups.
- Performance Tools – Includes basic statistics such as win/loss ratio, success rate, and average profit.
- Flexible Use – Can be utilized in different trading styles, including day trading, swing trading, and scalping.
- EA Compatible – Provides buffers for use in automated trading systems (Expert Advisors).
Buffers
double Buy_Signal;
double Sell_Signal;
double Upper_Band;
double Lower_Band;
Buy_Signal = iCustom(NULL,0,"Market/KT Momentum Arrows",0,1);
Sell_Signal = iCustom(NULL,0,"Market/KT Momentum Arrows",1,1);
Upper_Band = iCustom(NULL,0,"Market/KT Momentum Arrows",2,1);
Lower Band = iCustom(NULL,0,"Market/KT Momentum Arrows",3,1);
// Detecting the buy/sell signals
If(Buy_Signal!=0)
{
// Do something with buy condition
}
if(Sell_Signal!=0)
{
// Do something with sell condition
}
Conclusion
Overall, the Momentum Arrows Indicator is a tool that may assist in spotting entry points based on price and volatility shifts. Its features focus on alerting and performance tracking.
