Lion Arrow Super Arrow Indicator Overview
The Lion Arrow Super Arrow Indicator for MetaTrader 4 is a sophisticated multi-component trading tool designed to deliver precise market signals. By integrating several technical analysis instruments, it evaluates market conditions comprehensively, providing traders with reliable entry and exit points.
Core Components
The indicator combines the following elements:· Fast Moving Average (MA): Captures short-term price movements and responds quickly to market changes.
· Slow Moving Average (MA): Determines the overall market trend, filtering out short-term fluctuations.
· Relative Strength Index (RSI): Measures market momentum and identifies overbought or oversold conditions.
· Magic Filter: An internal algorithm that eliminates weak or counter-trend signals.
· Bull Power & Bear Power: Gauge buying and selling pressure to validate trend direction.
Note: All components are analyzed simultaneously. When their signals converge, the indicator plots an arrow on the chart to signal a trade.
Specifications Table
Feature Category | Details |
Indicator Categories | Signal & Forecast, Trading Assist, Momentum |
Platform | MetaTrader 4 (MT4) |
Skill Level | Beginner / Elementary |
Indicator Types | Reversal |
Timeframe Support | Multi-Timeframe |
Trading Style | Intraday |
Supported Instruments | Stocks, Binary Options, Indices, Commodities, Forex, Cryptocurrencies |
Download Link |
How It Works
The Lion Arrow Super Arrow Indicator confirms trading conditions by evaluating each internal component.· Bullish Signals:
A green arrow appears on the previous candle when:
o Fast MA is above Slow MA
o RSI is above 50 and rising
o Bull Power is positive and increasing
This convergence indicates strong buying momentum and signals a potential buy entry.
· Bearish Signals:
A red arrow is plotted on the previous candle when:
o Fast MA is below Slow MA
o RSI is below 50 with a negative slope
o Bear Power is negative and declining
This alignment signals a suitable sell entry.
Using the previous candle enhances signal reliability, reducing false entries at the cost of a slight delay.
Indicator Settings
The Lion Arrow Super Arrow offers a comprehensive set of adjustable parameters:· Faster Moving Average: Fast MA period
· Slower Moving Average: Slow MA period
· RSI Period: Calculation period for RSI
· Magic Filter Period: Length of the Magic Filter
· Bollinger Bands: Period, shift, and deviation
· Bull & Bear Power Periods: Calculation periods
· Utstup: Signal sensitivity threshold
· Alerts & Notifications: Sound, email, mobile push alerts, and message settings
These settings allow traders to customize the indicator to different assets, timeframes, and trading styles.
Advantages for Traders
· Composite Analysis: Evaluates multiple indicators simultaneously for higher accuracy.· Clear Entry Signals: Green and red arrows provide intuitive visual cues.
· Multi-Asset Application: Suitable for stocks, Forex, indices, commodities, cryptocurrencies, and binary options.
· Risk Management: Signals are plotted on the previous candle, reducing false entries.
Conclusion
The Lion Arrow Super Arrow Indicator is a versatile, precision-focused trading tool for MetaTrader 4. By combining moving averages, RSI, the Magic Filter, and Bull/Bear Power, it identifies market trends and momentum, plotting green and red arrows to highlight optimal buy and sell opportunities. This indicator is ideal for traders seeking clear, actionable signals across multiple markets and timeframes.
