CAUTION: This Buy/Sell Arrows Indicator is highly accurate in its own right, but it is recommended that you use the Manhattan Quotient and Support/Resistance Indicators for best results.
Blue is BUY, Red is SELL. Use this indicator along with another confirming indicator such as the Manhattan Quotient MT4 Indicator.
Also, you should always take into consideration the Support & Resistance zones identified by the Multi-SR, Fibo and SR Lines indicators. If you use all these indicators as a team, you will have a SIGNIFICANTLY higher chance of success, compared to anything else you may have tried before.
The settings for this indicator is very simple. you need to specify a fast moving average and a slow moving average. That’s it. Everything else is calculated by the algo in the background. The chart above used Slow: 29 and Fast: 83. Do these numbers ring a bell? They are both Fibonacci Primes as mentioned in the Fibo Lines section of this guide.
I wonder how accurate it would be, if we used some of the other Fibo Primes?