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HighLow Arrow Indicator

HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart.

This indicator is not intended to be used to trade. It is just a visual help to have clean chart and see price action.

The HighLow Arrow is used by traders using the Micro Trend System ( More info ).

In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals with the Micro Trend System.

Inputs of the indicator are:

  • MaxBars: number of bars to be calculated by the indicator
  • SymbolArrow: choice of symbol to be used to display the arrows
  • ArrowCodeUp: char code of Windings font to display Up arrow (Please select the _Custom in the SymbolArrow drop down list to use this char code)
  • ArrowCodeDown: char code of Windings font to display Down arrow (Please select the _Custom in the SymbolArrow drop down list to use this char code)
  • Distance: distance between arrow and candle
The HighLow Arrow indicator can be used with any time frame.

It can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.