Buy Sell Magi Indicator for MT4
Buy Sell Magic
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Super Arrow

The Super Arrow Indicator is a forex tool for MT4 that generates high-probability trading signals by using multiple indicators such as Moving Averages, Relative Strength Index, Bollinger Bands, and Magic Filter. It filters out false signals and provides good trade signals by combining these indicators.

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Description

The Supper Arrow indicator is a trend reversal MetaTrader 4 (MT4) system that paints buy/sell signal arrows at the potential reversal zone of the price. It was built with the Bollinger bands, moving averages, Bull/Bear power, Relative Strength Index (RSI), and signal arrows to show the trend reversal zone/potential direction in the financial market.

The buy/sell signal arrows are painted directly on the chart once the indicators are in sync. For instance, the Superb Arrow indicator would paint a buy signal arrow when the price of an asset reacts to the lower band of the Bollinger indicator while the RSI is at the oversold zone.

Features of the Indicator

The Super Arrow indicator is a system built with different indicators (bull/bear power, RSI, MA, Bollinger bands), which work together to identify a trend reversal. Besides, it has an inbuilt signal alert system that notifies users when a buy or sell signal arrow is displayed.

Furthermore, the indicator supports the customization of the inbuilt parameters, which makes it suitable for users to adjust it into a model that suits their style of trading.

Benefits of Using the Indicator

a) Buy/Sell Signal Arrows:  The buy/sell signal arrows make the indicator a user-friendly MT4 tool for beginners and advanced traders.

b) Trade Confirmation: The indicator may be used as a confluence with a trader’s trading strategy/ other technical indicators to confirm a buy/sell opportunity.

c) Trend Direction Analysis: The indicator’s arrows double as a trend direction tool and buy/sell entry signals, making it easy for traders to identify the bias of the market.

Indicator Settings Description

The indicator comes with the following customizable settings:

Faster moving average: This shows the period of the faster-moving average.

Slower moving average: This shows the period of the slower moving average.

RSI period: This shows the RSI period.

Magic filter period: This shows the period of the trend filter.

Bollinger bands period: This determines the Bollinger bands’ period for trend analysis.

Bollinger bands shift: This determines the position of the Bollinger bands.

Bollinger bands deviation: This determines the deviation value of the Bollinger bands.

Bull power period: This shows the period of the bull power.

Bear power period: This shows the period of the bear power.

Alerts: This enables/disables the signal alerts system.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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