The MA Momentum Arrows indicator is based on the MA (Moving Average) applied to the Momentum indicator. It draws arrows at the confirmed crosses of the Momentum line over the MA line. When the Momentum crosses upwards, then a buy arrow is displayed and vice versa. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow.
This indicator is
FREE to use and share with no restrictions. It will work on any MT4 platform.
Note: DLL imports must be enabled for this indicator to work.
Source Code Available: If you would like the source code of this to make your own modifications or for other reasons, please email
support@mql-programming.com for the fee.
Linkback: https://www.forex.zone/mt4-mt5-indicators/8/ma-momentum-arrows/14/