You said that it is not good for DAILY.
Correct?
Only for lower time frames?
Does it show the currency pair overall trend or just the trend for each time frame?
Thanks.
1
The Most Important Task Is To Find The Correct Direction
{quote} Thanks. I can see it now. You said that it is not good for DAILY. Correct? Only for lower time frames? Does it show the currency pair overall trend or just the trend for each time frame? Thanks.
i use 5 min chart with zigzag indicator to see if the pointing direction of the channel (of both upper and lower trendlines) match with this arrow. if yes i usually enter with my entry signal after pullback.
only forward testing will help you to see if its reliable for you for most of time/ days.
the drawback with its signal is that it does not give you ranging signal
- #23
- Jun 25, 2025 1:26pm Jun 25, 2025 1:26pm
If the MOST important task is to find the correct direction, then what about entry and exit points? 
If you don't know or can't decide when to ENTER or when to EXIT, trend direction can become useless ...
If you're an experienced trader, you can identify a trend direction only with trend lines, but that's the point, it's not enough to be a profitable trader.
This one for example:
Good Luck!
If you don't know or can't decide when to ENTER or when to EXIT, trend direction can become useless ...
If you're an experienced trader, you can identify a trend direction only with trend lines, but that's the point, it's not enough to be a profitable trader.
This one for example:
Good Luck!
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
- #24
- Edited 2:43pm Jun 25, 2025 2:29pm | Edited 2:43pm
- Joined Mar 2022 | Status: Trader | 6,583 Posts | Online Now
{quote} it gives one overal direction for 4H and lower timeframes for at least a day. i use 5 min chart with zigzag indicator to see if the pointing direction of the channel (of both upper and lower trendlines) match with this arrow. if yes i usually enter with my entry signal after pullback. only forward testing will help you to see if its reliable for you for most of time/ days. the drawback with its signal is that it does not give you ranging signal
Studying it closer, it appears at some distance from the last closed H4 High or Low.
And it's direction is the last closed D1 candle, maybe with some other condition, but I haven't figured that out, yet.
So, I asked before if the arrow is plotted at a specific price, and the OP answered that it's not.
As we can see, it is actually plotted at a very specific Fibonacci Retracement Level price!!!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
If the MOST important task is to find the correct direction, then what about entry and exit points?
i always check direction of channel (both upper and lower trendlines) is matched with this particular signal - there are some ways to find and avoid trades during consolidation but that is not the point here.
your trendlines or channel look valid or sensible to me - they also work for most of the time but people may not care.
{quote} Also the arrow appears on different price levels, there is no directly obvious consistency why it appears at the specific price, and obviously the algorithm must plot it at a specific price... Studying it closer, it appears at some distance from the last closed H4 High or Low. And it's direction is the last closed D1 candle, maybe with some other condition, but I haven't figured that out, yet. {image}
- #28
- Jun 25, 2025 2:58pm Jun 25, 2025 2:58pm
- Joined Mar 2022 | Status: Trader | 6,583 Posts | Online Now
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #29
- Jun 25, 2025 3:12pm Jun 25, 2025 3:12pm
- Joined Mar 2022 | Status: Trader | 6,583 Posts | Online Now
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
And also, You need to explain why trading only in the direction of Your arrow will/must/may bring bigger profit than loss.
if not then why should i explain?
if you ever asked me how the arrows are designed i can give you the answer so easily. but you claim that
"Your arrow doesn't decide any direction."
i dont like to judge people but you seem to be so different - BS yourself!
if it does not work for you - just ditch it!
you post so many many useless indicators and have you ever noticed me bragging about them - do i have to complain or ask you why those BS. people like me keep quite because it may be useful to you or any other people.
do you always want someone to quarell with you?
i can not i m sorry pal!
Thank you for sharing the indicator. I will add it to the chart and use it for a few days to check the results. I have few questions please, (no criticism here) Can you please clarify how the calculation is done? Based on what it is determining the direction? What does the button do? does it refresh the indicator? Why sometimes the arrow is close to the candles and sometimes it is far, I have to keep zooming in and out. Why not make it appear in a fixed place or maybe add it in the button? Or maybe maybe in the button and the chart? Does it change...
the button is just for reminding me to check if every other confluences match with this overal direction.
the arrow_gap varies depending on the timeframe i choose, lower the timeframe more i need to zoom out charts.
it helps my wave (zigzag) based pullback strategy (entries & exits) so much, most of the time - that is why i wanted to share it to others here. thank you for your question.
- #33
- Jun 26, 2025 3:37am Jun 26, 2025 3:37am
- | Joined Aug 2006 | Status: Trader | 1,152 Posts
Thank you for your reply.
Still the first question you didn't answer
Can you please clarify how the calculation is done? Based on what it is determining the direction? what indicators?
I noticed that on EURAUD and EURNZD one is pointing long and one is pointing short, these 2 kind of trend usually in the same direction maybe one faster than the other, currently they are both trending up.
Do you have MT5 version of the indicator?
Maybe deciding the trend based on daily is too much for the volatility that we are seeing in the market lately.
Still the first question you didn't answer
Can you please clarify how the calculation is done? Based on what it is determining the direction? what indicators?
I noticed that on EURAUD and EURNZD one is pointing long and one is pointing short, these 2 kind of trend usually in the same direction maybe one faster than the other, currently they are both trending up.
Do you have MT5 version of the indicator?
Maybe deciding the trend based on daily is too much for the volatility that we are seeing in the market lately.
- #34
- Jun 26, 2025 7:47am Jun 26, 2025 7:47am
- Joined Mar 2022 | Status: Trader | 6,583 Posts | Online Now
Thank you for your reply. Still the first question you didn't answer
It is either the problem of language and the translator, or he is simply full of BS, or maybe he doesn't understand what we are actually asking.
Like the issue with "the arrow decides..."
How The F@c& can an arrow decide???
That is total nonsense, because there is no arrow which can decide anything!!!
Anyways, I am completely done with interacting with him!
I have blocked his posts!
PS. It is, or should be obvious to anybody, that in order to use any indicator, we need to know what the indicator is actually calculating, or based on what data the indicator is indicating. If we don't have this basic information, the indicator is useless! We don't know how to use it, and why we should use it. And he doesn't provide any information, so nobody should use such BS!!!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #35
- Edited 8:37am Jun 26, 2025 8:26am | Edited 8:37am
Thank you for your reply. Still the first question you didn't answer
started his rants already. he always need someone to brag about. he is so smart
i thought that i answered it already, it is based on 1440 timeframe fractal zigzag calculation.
yes most of the time EURAUD and EURNZD can have same direction but not all the time or every day.
i don't have it mt5 version but it is doable.
yes may be deciding direction with higher timeframe not good - i may agree to your point.
the best way is to see/ check it for longer period of time, i have tested it for last 9 months and to me, it is so good for my strategy. it may be useless for your strategy but if it is usefull for your entry/ exit method then let me know.
{quote} He never answers the important questions... It is either the problem of language and the translator, or he is simply full of BS, or maybe he doesn't understand what we are actually asking. Like the issue with "the arrow decides..." How The F@c& can an arrow decide??? That is total nonsense, because there is no arrow which can decide anything!!! Anyways, I am completely done with interacting with him! I have blocked his posts! PS. It is, or should be obvious to anybody, that in order to use any indicator, we need to know what the indicator...
and you will also be ignored - i never used to read your posts anyways.
{quote} Maybe if you weren't being a d@#k about everything he might have answered your questions. Not everyone has to explain to you their methods. You talk to everyone this way when you don't get your way. Kind of like a grown toddler. It's why I've stopped reading your posts. Stop being a jackass and you'll be further with people.
- #39
- Jun 26, 2025 10:04am Jun 26, 2025 10:04am
- | Joined Aug 2006 | Status: Trader | 1,152 Posts
{quote} i was not on ff for a few hours and BestTraderEv started his rants already. he always need someone to brag about. he is so smart
The problem is the arrow was pointing long EURAUD and short EUR NZD, EURAUD is down big time and EURNZD went down little.
1440 timeframe is too big, I think you better try to test 240 minutes or have the option to change it in the settings.
Good luck with your trades