Free Forex Indicators (MT4), Trend Following Indicators

Curves & Arrows

Curves & Arrows applies the high-low method in order to plot trade signals for its users. It uses curved bands around the price bars for determining the possible ranges of the price movements and adds arrow signals to point the direction and place of the trade entries. The simplicity of this indicator could be an advantage for the newbie traders who struggle with the complex indicators/trading system.
Curves & Arrows is applicable to trade any forex currency pair you like available around the financial markets. Moreover, this indicator suits with all sorts of timeframe charts within the MT4 trading platform.

Curves & Arrows Overview

After the installation of Curves & Arrows at the MT4 terminal, your trading chart will appear like the following image:

Curves & Arrows Overview

Curves & Arrows: Explanation

Curves & Arrows Anatomy

Curves & Arrows applies its own price envelopes to determine the possible range of the market momentums. Price hits the lower band with a blue upward arrow below the price bar signals for long entry from the possible swing low of the market. On the contrary, price hits the upper band with a red downward arrow is considered as a selling opportunity from the swing high of the market.
Curves & Arrows can alone signal both the entry and exit at the market. However, you can add other trend-following indicators like Moving Averages, RSI or Stochastics along with the indicator for greater accuracy or confirmation of the trade signals.

Also Read: Vulkan Profit Indicator

Curves & Arrows: Buy Parameters

Curves & Arrows Buy Parameters

  • A bullish bar forms right above the lower band of Curves & Arrows
  • Curves & Arrows plots a blue upward arrow below the respective bullish bar
  • Buy triggers when the high of the signaling bar is broken by the following price candles
  • Set stop loss below the lower band area of the indicator
  • Exit long/take profit whenever price hits the upper band and a red downward arrow is plotted above the price bar

Curves & Arrows: Sell Parameters

Curves & Arrows Sell Parameters

  • A bearish bar forms right below the upper band of Curves & Arrows
  • Curves & Arrows plots a red downward arrow above the respective bearish bar
  • Sell triggers when the low of the signaling bar is broken by the following price candles
  • Set stop loss above the upper band area of the indicator
  • Exit short/take profit whenever price hits the lower band and a blue upward arrow is plotted below the price bar

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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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