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Buy Sell Signals Arrows Indicator
The Buy Sell Signals Arrows MT5 indicator gives you entry signals on the chart by placing red and green arrows – detect free reversals.
The Buy Sell Signals Arrows indicator is a momentum-based technical indicator that detects momentum reversals and generates signals indicating such reversals.
This guide will cover all the nuances and features of the Buy Sell Signals Arrows indicator for MT5.
What is the Buy Sell Signals Arrows indicator?
Momentum is one of the most important indicators that the price is ready to move strongly in one direction. To detect such momentum reversals, the indicator can be a very valuable tool.
When the indicator identifies a bullish reversal of momentum, it draws an arrow pointing up, and when it detects a bearish reversal of momentum, it draws an arrow pointing down.
It also sends alerts and emails every time it finds a potential momentum reversal indicator.
As you can see on the chart, the buy/sell indicator generally captures trends and also indicates potential highs and lows where you should place your stops. A quick look at the indicator shows that it is most effective when the markets are trending.
However, with a short-term lateral consolidation, the signal can lead to significant losses. This makes the signal similar to other technical indicators, such as the parabolic stop and reverse indicator, which works similarly.
The Buy Sell Signals Arrows indicator works on all time frames, allowing you to use various technical trading methods, such as using multiple time frame analysis or combining this method with other trend following strategies.
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