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You understand that this indicator repaints (the values depend on future values), right? I can add the alerts, but you'll see many alerts and then some of the arrows will simply disappear from the chart.
Will see what I can do, but I hope someone else will take time to do this, as I have little time nowadays to dedicate to MT4->MT5 conversion.
Anyway. Here it is attached:
Sorry, forgot one condition. Please download this version:
Frankly, I have little interest in doing this conversion and a pretty long list of things to work on. You might probably get this job done fast here.
..... The distance between arrow and star will be half of that value.