Indicators

■ Product Name: MyTrendVT Arrows ■ Product Overview: MyTrendVT Arrows is a highly accurate trend indicator that visually identifies trend reversals based on price movements beyond a certain range (Box Size). It displays arrows on the chart in response to price fluctuations, providing visual guidance for timing buys and sells. It aids discretionary trading by simplifying the identification of trend emergence and reversals. ■ Key Features: Trend Determination by Box Size: Upward and downward trends are determined by price movements beyond a certain range (Box Size). Visual Support: Blue and red color bars and arrows are displayed upon trend reversals. Upward → Blue (Deep Sky Blue), downward → Red (Pale Violet Red). Multi-Timeframe Support (MTF): Choose from 1-minute to monthly timeframes. Trend confirmation across multiple timeframes is supported. Alert Function: Customize alert notifications (pop-up, push notification, sound) upon trend reversals. High-Timeframe Bar Identification: Displays a line on the chart indicating the start position of the current high-timeframe bar. ■ Recommended for: Those who want to quickly detect the emergence and reversal of trends. Those who want to make visual buy and sell decisions using arrows and color bars. Those who value analysis across multiple time frames. Those looking for a simple trend indicator for discretionary trading. ■ Example parameters Box Size: 8 (price fluctuation reference value) Arrow display: Selectable ON/OFF Alerts: Message / Push notification / Sound / Email (each can be turned ON/OFF) Color bar display: Up to 500 (can be set as desired) ■ Additional information This indicator is displayed in a separate window, making it easy to use in conjunction with other technical indicators. While the trend determination criteria are simple, it is designed to be less susceptible to market noise. ■ Recommended Currency Pairs and Time Frames ■ Recommended Currency Pairs: Major Currency Pairs: USDJPY (US Dollar/Yen), EURUSD (Euro/Dollar), GBPUSD (Pound/Dollar), AUDUSD (Australian Dollar/US Dollar) Cross Currency Pairs: EURJPY (Euro/Yen), GBPJPY (Pound/Yen), AUDJPY (Australian Dollar/Yen). Other currency pairs can also be used, but we recommend optimizing the box size for each pair. ■ Recommended Time Frames: Scalping/Day Trading: M5 (5-minute), M15 (15-minute), M30 (30-minute); Swing Trading: H1 (1-hour), H4 (4-hour); Long-Term Trading: D1 (Daily) ■ Instructions/Setup Manual: 1. How to Insert the Indicator: Open the "Navigator" window in MT4. Select "MyTrendVT Arrows" from "Indicators" → "Custom" and drag and drop it onto the chart. The parameter setting screen will open, allowing you to configure the desired settings. 2. Basic parameters Setting parameter name Description Recommended value TimeFrame Indicator applicable time frame tf_cu (current) BoxSize Price range for trend reversal 6 to 12 alertsOn Whether to enable alerts true arrowsVisible Whether to display arrows when trend reversals true ShowBars Whether to display colored candlesticks on the chart true 3. Entry guidelines Buy entry (Buy): When blue color bar (uptrend) + blue arrow is displayed Sell entry (Sell): When red color bar (downtrend) + red arrow is displayed 4. Guidelines for taking profits and cutting losses This indicator is a tool that provides entry signals, so please set the take profit and cut loss settings according to your own trading style and in conjunction with other indicators. Example: Take profit: 20-50 pips, stop loss: 15-30 pips. We also recommend using a trailing stop. 5. Advanced Usage: Checking trends with multiple time frames: Example: Check the overall situation with H4 and enter at M15. Using with other indicators: Using with Bollinger Bands, RSI, moving averages, etc., allows for more accurate trading decisions. ■ Important Notes: This indicator does not guarantee future price movements. Be sure to thoroughly test it on a demo account or other platform and use it in a way that suits your trading style. The reliability of the signal may decrease during sudden market changes (such as the release of economic indicators). ■ Please feel free to contact us if you have any questions about how to set support or use it.