Fractals Arrows Alert Indicator
Platform: MT4 Type: Scalping Last update: November 3, 2024The Fractal Arrows Alert Indicator for MT4 provides short-term market bias and reveals potential reversal opportunities. These signals are presented in the form of buy/sell arrows:
- yellow arrows for bullish momentum
- red arrows for bearish momentum
Please note you can get multiple signals in a row in the same direction.
Due to fractals nature, which is based on price highs and lows, this gauge has better performance during olatile conditions, as they help filter out some noise. In other words, betters results can be achieved on frequent trend shifts. Pairing it with other technical indicators, like moving averages, can improve accuracy.
Example chart:
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