Unlock Trading Success with the Equal Garden Arrow Indicator for MetaTrader 5

Understanding the Equal Garden Arrow Indicator

The Equal Garden Arrow indicator is a fantastic tool for traders using MetaTrader 5. It utilizes two indicator buffers to help you identify potential trading signals effectively.

Here’s how it works:

1. If the 'Close' price is above the iMA (indicative moving average), it assigns a value of '2'. Conversely, if it's below, it assigns a value of '-2'.
2. For the stochastic indicator, if the main line is below 'Value Level #1', it assigns a value of '1'. If the main line exceeds 'Value Level #2', it assigns a value of '-1'.

Pic. 1. Equal Garden Arrow (iMA and iStochastic added manually for visualization)