Home Technical Indicator Post

Mastering the DRAW_ARROW Indicator for MetaTrader 5

Attachments
334.zip (1.55 KB, Download 0 times)

If you're looking to spice up your trading strategy, the DRAW_ARROW indicator for MetaTrader 5 is a tool worth having in your arsenal. This nifty indicator plots arrows on your chart whenever the close price of a bar exceeds the close price of the previous bar, signaling potential buying opportunities.

One of the cool features of this indicator is its customization. You can tweak the color, width, and even the shift of the arrows, making it as flashy or subtle as you like. The changes occur randomly after a set number of ticks, which you can adjust using the Properties window. This flexibility allows you to tailor the indicator to your unique trading style.

To get started, the initial properties of the DRAW_ARROW graphic plot are defined through the #property preprocessor directive. After that, the properties can be dynamically altered using the OnCalculate() function, keeping your chart fresh and responsive.

For more insights on how to get creative with your trading visuals, check out The Drawing Styles in MQL5.

DRAW_ARROW


Related Posts

Comments (0)