TM S Arrows
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use TM S Arrows
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
TMS Arrows signal indicator. It is based on three indicators: Heiken Ashi, Stochastic and .
The indicator has eight configurable parameters:
TDI RSI period
TDI RSI applied price
TDI Volatility band period
TDI RSI smoothing period
TDI RSI smoothing method
TDI Signal smoothing period
TDI Signal smoothing method
Signal point anchor
:
High/Low
- on High and Low prices
Open
- on Open price
The green bullish label is set if:
The green TDI line crosses the red signal TDI line upwards
Stochastic moves upwards
1 st or 2 nd Heiken Ashi candle is bullish
The red bearish signal label is placed if:
The green TDI line crosses the red signal TDI line downwards
Stochastic moves downwards
1 st or 2 nd Heiken Ashi candle is bearish
