Arrow trading indicator Phoenix is a combination of three indicators using two formulas for the price behavior of a currency pair.
The Phoenix Arrow Indicator uses these three indicators: Moving Average, Bolinger Bands and Momentum combined with two powerful formulas based on the price behavior of the current chart. Once a buy signal appears, then a green circle is drawn on the chart. And if you see a red circle it indicates a sell signal.
The Phoenix indicator also implements a system of sound and text alerts, as well as sending messages to e-mail and SMS.
Please note that the Phoenix arrow indicator has a lot of settings. For optimal trading results, I recommend experimenting with the indicator settings for each currency pair and timeframe. It would also be a good idea to use another indicator to confirm entry signals.
Features of Phoenix MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In Phoenix.zip file you will find:
Download Phoenix MT4 indicator for free: