Lion Arrow Super Arrow Indicator MetaTrader 5 – Free Download [TradingFinder]

The Lion Arrow Super Arrow Indicator in MetaTrader 5 acts as a hybrid analytical system that combines several advanced technical analysis tools to provide trading signals. The key components of this system include:

• Faster Moving Average: A responsive tool to immediate price changes, suitable for identifying short-term market movements;
• Slower Moving Average: An indicator to determine the prevailing market trend and reduce the effect of temporary fluctuations;
• Relative Strength Index (RSI): A tool to evaluate momentum and detect overbought and oversold conditions;
• Magic Filter: A proprietary algorithm to filter out low-quality signals;
• Bull Power & Bear Power: Metrics to measure buying and selling pressure and confirm trend direction.

Lion Arrow Super Arrow Indicator Table

The table below shows the specifications of the Lion Arrow Super Arrow indicator:

Lion Arrow Super Arrow at a Glance

The Lion Arrow Super Arrow indicator first evaluates the data from each of its internal analytical components and only issues a trading alert when the results of all these tools align in one direction. Then, it generates entry signals as follows:

• In an uptrend, a green arrow is drawn on the previous candlestick
• In a downtrend, a red arrow is drawn on the previous candlestick

Displaying the arrow on the previous candle makes signals more reliable, but it may cause a slight delay in trade entry.

Indicator in Uptrend

The price chart below shows the CAD/CHF pair on the 1-hour timeframe.

In an uptrend, the following conditions must be met:

• The faster moving average is above the slower moving average
• The RSI is above the 50 level and shows an upward slope
• Bull Power is positive and trending upward

As a result, the market shows a bullish condition and a green arrow is issued as a buy signal.

Indicator in Downtrend

The price chart of XAU/USD on the 15-minute timeframe is shown below. 

In bearish conditions, the Lion Arrow Super Arrow places a red downward arrow on the previous candlestick as a sell alert. This provides a suitable opportunity to enter short trades.

Lion Arrow Super Arrow Settings

The image below shows the settings panel of the Lion Arrow Super Arrow indicator in MetaTrader 5:

• Faster Moving Average: Period of the fast moving average
• Slower Moving Average: Period of the slow moving average
• RSI Period: Calculation period of RSI
• Magic Filter Period: Period of the magic filter
• Bollinger Bands Period: Period of Bollinger Bands
• Bollinger Bands Shift: Shift of Bollinger Bands
• Bollinger Bands Deviation: Standard deviation of Bollinger Bands
• Bulls Power Period: Calculation period of Bull Power
• Bears Power Period: Calculation period of Bear Power
• Utstup: Signal sensitivity threshold
• ALERT: Enable sound alerts
• EMAIL: Send alerts to email
• NOTIFICATION: Send alerts to mobile device
• MESSAGE_TIMEOUT: Time interval between alerts
• MESSAGE_SUBJECT: Alert message subject

Conclusion

The Lion Arrow Super Arrow trading indicator in MetaTrader 5 is a hybrid system for generating trading signals.

By using fast and slow moving averages, RSI, the magic filter, and the Bull Power & Bear Power indicators, this trading tool analyzes the market with high accuracy.

By displaying green and red arrows on the previous candle, it identifies the best entry opportunities for both buy and sell trades.