Velocity Arrows Indicator in MetaTrader 4 Download

The Velocity Arrows indicator is a useful oscillator for showing the market trend along with the price acceleration in MetaTrader 4. This indicator uses two lines, one with fast speed and the other with slow speed, to determine the direction and strength of the trend.

When a cross between these two lines occurs, traders can use technical analysis and the cross of these lines as a buy or sell signal and make their trading decisions accordingly.

Velocity Arrows Indicator Table

Below is the information related to the Velocity Arrows indicator.

Indicator at a Glance

The Velocity Arrows indicator is designed as an oscillator that displays the market trend using fast and slow lines. Traders can assess the acceleration of the market trend and use the cross between the fast and slow lines as a buy or sell entry signal.

This indicator is effectively used to identify trend changes and the optimal entry points for trading.

Uptrend

On the 15-minute chart of Gold (XAUUSD), in the Velocity Arrows oscillator, the fast line (green) crosses above the slow line (orange), signaling an uptrend.

Traders can enter a buy trade by observing this line cross. Additionally, by assessing the amount and slope of the lines moving upwards, traders can evaluate the price acceleration and conduct more detailed analysis for managing the trade.

Downtrend

On the 30-minute chart of the AUD/USD pair, traders can use the Velocity Arrows indicator to identify the market trend. When the fast line (green) moves downward and crosses below the slow line (orange), a sell signal is generated.

Upon the occurrence of this downward cross, traders can enter a sell trade. Furthermore, the greater the slope and movement of these two lines downward, the higher the acceleration of the price in the downtrend, confirming the market's momentum.

Velocity Arrows Indicator Settings

Below are the settings for the Velocity Arrows indicator:

• ALERT: Set alert status
• EMAIL: Set email alert status
• NOTIFICATION: Set notification alert status
• Length 1: Set calculation period for fast line (green)
• Applied Price 1: Set calculation type for fast line (green)
• Length 2: Set calculation period for slow line (orange)
• Applied Price 2: Set calculation type for slow line (orange)
• Show Arrows: Set the display status for cross signals
• Arrows Displacement: Set the distance of signals from the candlestick
• Up Arrow Color: Set color for the upwards signal
• Down Arrow Color: Set color for the downwards signal
• Up Arrow Code: Set code for the upwards signal
• Down Arrow Code: Set code for the downwards signal

Conclusion

The Velocity Arrows indicator is a specialized and practical tool for traders looking to identify market trends and receive entry signals. By displaying two lines (fast and slow), this indicator enables users to assess not only the direction of the trend but also the price acceleration.

Traders can use a trading strategy and, by analyzing the amount and slope of the lines' movements, gain a deeper understanding of the trend's strength, allowing for more advanced market analysis. This feature makes the Velocity Arrows indicator an effective tool for trading decisions.