Tired of missing the perfect entry or exit? The Beacon Arrow Indicator MT4 delivers clear, visual signals right on your chart—so you can spot high-probability trades in an instant. No more squinting at endless candlesticks or second-guessing your strategy… just clean, actionable arrows that point you in the right direction. Whether you’re a newbie hunting for your first wins or a veteran looking to streamline your process, the Beacon Arrow Indicator MT4 can become your go-to signal companion.
Overview
The Beacon Arrow Indicator MT4 is a custom MetaTrader 4 script engineered to highlight potential turning points in the market by plotting up and down arrows on your chosen timeframe. Under the hood, it combines trend-filtering and momentum-oscillator algorithms to reduce noise and false signals—so you only get alerts when the odds favor a move. Unlike generic cross-over indicators, Beacon Arrow adapts dynamically to market volatility, ensuring arrows appear only at significant shifts.
Key aspects of the Beacon Arrow Indicator MT4:
- Fully compatible with any MT4 broker
- Configurable alert system (pop-up, e-mail, push notifications)
- Works on all timeframes: from M1 scalps to D1 swing setups
- Lightweight code—no lag, no heavy CPU load
If you’re new to custom indicators, check out our Beginner’s Guide to MT4 to get started.
Benefits of Using Beacon Arrow
- Clarity on the Chart – See precisely where momentum flips, instead of guessing with raw price bars.
- Time-Saver – Quickly scan multiple pairs for fresh signals; no manual pattern reading required.
- Custom Alerts – Never miss a signal: choose desktop pop-ups, e-mails, or smartphone pushes.
- Risk Control – Customize sensitivity to filter out minor retracements and false breakouts.
- Adaptable – Works seamlessly alongside your favorite Expert Advisors or trading robots, like our free YoForex EA.
Key Features
• Dual-Filter Engine: Combines trend strength and momentum oscillators for high-quality signals.
• Auto-Adjust Sensitivity: Automatically tightens filtering in choppy markets and loosens in strong trends.
• Multi-Timeframe Alignment: Optionally confirm signals across higher timeframes for extra confidence.
• Visual Customization: Change arrow size, color, and placement to suit your chart style.
• Integrated Alerts: Configure instant desktop, sound, e-mail, or push alerts.
• Data Logging: Maintain a record of every arrow event in an external file for performance review.
• No Martingale/Grid: Pure signal-based; you manage your money, not the indicator.
• Low CPU Footprint: Optimized for speed—even on older machines.
How It Works
- Trend Filter: The indicator first evaluates the prevailing trend using a moving average mesh colored by slope.
- Momentum Check: Simultaneously, a custom RSI-style oscillator gauges whether momentum supports a reversal or continuation.
- Confluence Signal: When both filters align (e.g., trend down + oversold momentum), a down arrow is drawn at the bar’s close.
- Confirmation Options: You can enable multi-timeframe confirmation so, for instance, an M15 arrow only triggers if H1 also signals.
This two-step filtering drastically reduces false signals compared to stand-alone momentum or moving-average rules.
Installation & Configuration
- Download the
BeaconArrow.ex4file. - Copy it to your MT4 directory:
MQL4/Indicators. - Restart MetaTrader 4.
- In the Navigator panel, right-click “Indicators” → “Refresh.”
- Drag and drop Beacon Arrow Indicator MT4 onto your chart.
Open “Inputs” to adjust:
TrendPeriod: default 50MomentumPeriod: default 14Sensitivity: 1–5 (1 = highest sensitivity)AlertType: “Popup”, “Email”, “Push”
Tips & Best Practices
- Combine with Support/Resistance: Filter arrows near key S/R zones to enhance trade validity.
- Use Appropriate Risk: Always calculate position size based on stop-loss distance—never risk more than 1–2% per trade.
- Backtest Manually: Scroll historical data to see how arrows behaved in different volatility regimes.
- Avoid Overleverage: Even perfect signals can run into wider market moves—manage leverage wisely.
- Sync with EAs: Feed arrow events into your Expert Advisor via
iCustomcalls for automated execution.
Frequently Asked Questions
- Q: Can I use Beacon Arrow on MT5?
A: Not directly—it’s coded for MT4. Consider using an MT5 converter or our native MT5 arrow suite. - Q: Does it repaint?
A: No. Arrows are plotted only at bar close; once an arrow appears, it won’t disappear after new bars form. - Q: Can I adjust arrow color?
A: Yes—head to “Style” in the inputs and pick any color you like.
Conclusion & Call to Action
Ready to upgrade your chart analysis? Download the Beacon Arrow Indicator MT4 now and start capturing clearer entry and exit points today. Equip yourself with one of the sharpest MT4 indicators available—and trade with confidence.