About the Urban Towers Indicator
The Urban Towers indicator is a trend-following tool designed to highlight potential trade entries using directional arrows and dynamic price bands.
It is based on the rainbow indicator concept, which itself is derived from multiple moving averages blended together.
On the chart, Urban Towers keeps things simple.
Bullish conditions are shown with aqua upward-pointing arrows.
These arrows are followed by a short dodger blue horizontal line that acts as a dynamic reference area.
Bearish conditions are marked by red downward-pointing arrows, paired with a short red horizontal line placed below price.
Because it relies on smoothed price data, the indicator is effective at filtering out minor fluctuations that often trigger false signals with standard moving averages.
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Key Features
- Arrow-based buy and sell signals.
- Built on a multi-average rainbow calculation.
- Dynamic bands that react to price movement.
- Clean chart display with minimal noise.
Indicator Chart
The Urban Towers indicator chart shows aqua and red arrows printed directly on the main chart.
Each arrow is paired with a short horizontal band that helps define the active trade zone.
These elements together highlight both direction and timing.
Guide to Trade with Urban Towers Indicator
Buy Rules
- Wait for an aqua upward-pointing arrow to appear.
- Confirm that price is holding above the blue band.
- Check that recent candles show higher closes.
- Enter the trade after the signal candle closes.
Sell Rules
- Wait for a red downward-pointing arrow to print.
- Confirm that price is trading below the red band.
- Look for lower highs in recent price action.
- Enter once the signal candle is complete.
Stop Loss
- Place the stop beyond the opposite Urban Towers band.
- Use the most recent swing point as a safety buffer.
- Apply a volatility-based stop using ATR values.
- Exit early if price closes against the band.
Take Profit
- Target the next visible support or resistance area.
- Trail the stop along the Urban Towers band.
- Secure partial profits after a strong price push.
- Close the trade when an opposite arrow appears.
Urban Towers Indicator + Winner Binary Fast Scalping Forex Strategy
This strategy combines the Urban Towers MT4 Indicator and the Winner Binary MT4 Indicator.
The Urban Towers indicator shows trend direction with aqua arrows for bullish trends and red arrows for bearish trends.
The Winner Binary indicator gives precise entry signals with blue arrows for buys and red arrows for sells.
By combining trend and signal arrows, this strategy aims for fast scalping trades on very short timeframes.
It is optimized for M1 and M5 charts and is designed for traders who want quick trades aligned with the trend.
Buy Entry Rules
- The Urban Towers indicator must display an aqua arrow, indicating a bullish trend.
- The Winner Binary indicator must show a blue arrow, signaling a buy.
- Enter a long trade at the close of the candle where the blue arrow appears, while the trend arrow is aqua.
- Set a stop loss a few pips below the recent swing low.
- Exit when the Winner Binary blue arrow disappears or the Urban Towers arrow turns red.
Sell Entry Rules
- The Urban Towers indicator must display a red arrow, indicating a bearish trend.
- The Winner Binary indicator must show a red arrow, signaling a sell.
- Enter a short trade at the close of the candle where the red arrow appears while the trend arrow is red.
- Set a stop loss a few pips above the recent swing high.
- Exit when the Winner Binary red arrow disappears or the Urban Towers arrow turns aqua.
Advantages
- Clear trend and signal combination for precise entries.
- Fast scalping opportunities on M1 and M5 charts.
- Works across multiple currency pairs and Gold.
Drawbacks
- Rapid trend changes can cause false signals in choppy markets.
- Continuous monitoring is necessary for short timeframes.
Example Case Study 1
On EUR/USD M1 during the London session, the Urban Towers indicator showed an aqua arrow.
Shortly after, a blue Winner Binary arrow appeared, signaling a buy.
A long trade was entered at candle close, with a stop loss 5 pips below the swing low.
The trade moved upward and was closed when the blue arrow disappeared, yielding a 9 pip profit.
Example Case Study 2
On GBP/JPY M5 during New York hours, the Urban Towers arrow turned red, indicating a downtrend.
A red Winner Binary arrow appeared shortly after, signaling a sell.
A short trade was entered at candle close with a stop loss 7 pips above the recent high.
Price moved down quickly, and the trade was closed when the arrow turned aqua, locking in a 14-pip profit.
Strategy Tips
- Focus on active market sessions like London and New York to get stronger trends and signal confirmations.
- Avoid trades when the trend arrows are changing frequently, as this indicates indecision.
- Use small position sizes due to tight stops and fast scalping nature.
- Wait for the signal arrow to appear only after a clear trend arrow has formed.
- Keep a trading record to track which currency pairs, such as EUR/JPY or AUD/USD, respond best to this strategy on M1 and M5.
Download Now
Download the “urban-towers-indicator.ex4” Metatrader 4 indicator
FAQ
How are the Urban Towers arrows generated?
The arrows are derived from a blend of moving averages that smooth price movement and highlight directional shifts once momentum builds.
Can Urban Towers be used for breakout trading?
Yes, the indicator can support breakout setups when price accelerates away from the band with a fresh arrow in the breakout direction.
Does Urban Towers lag during fast markets?
Like all smoothed indicators, there is a slight lag during sharp spikes, but this helps reduce false signals caused by noise.
Is Urban Towers suitable for scalping?
It can be used for scalping on lower timeframes, though tighter risk management is required due to faster signal frequency.
Summary
The Urban Towers forex indicator offers traders a practical way to follow directional moves without being distracted by short-term price fluctuations.
Its arrow-based signals and adaptive band make it easy to spot potential entries while staying aligned with broader market momentum.
The indicator performs best in trending conditions and helps filter out many of the false signals commonly seen with standard moving averages.
With thoughtful risk management and occasional parameter adjustments, Urban Towers can become a reliable component in both short-term and trend-based trading strategies.
