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Arbitrage Indicator For MT5

    The Arbitrage indicator for Metatrader 5 generates bullish and bearish candles in the price chart that can be utilized for accurate trade entry.

    The basis of this indicator relies on a combination of multiple technical indicators.

    To effectively utilize the Arbitrage indicator, it is recommended to combine it with a trend indicator.

    Here’s how you should interpret the colored purple and yellow candlesticks:

    • A purple colored Arbitrage candlestick is bullish.
    • A yellow colored Arbitrage candlestick is bearish

    The indicator offers the following inputs and parameters for customization: moving average settings, MACD settings, Stochastic settings, CCI settings, DeMarker settings, TRIX settings, etc.

    The Arbitrage indicator works for any trading instrument supported by the Metatrader 5 charting platform.

    Download Indicator 🆓

    Arbitrage.mq5 Indicator (MT5)

    Chart Example

    The picture below illustrates how the Arbitrage Forex indicator looks like when applied to the MT5 chart.

    How To Buy And Sell Pairs With The Arbitrage Indicator?

    Find a simple trading strategy below:

    Buy Signal

    • Buy market condition: the market trend must demonstrate a clear uptrend.
    • A colored purple candle indicates bullish pressure (buy signal).
    • Open a buy trade and place a protective stop order below swing support.
    • Exit the buy trade for a fixed take profit target.

    Sell Signal

    • Sell market condition: the market trend must demonstrate a clear downtrend.
    • A colored yellow candle indicates bearish pressure (sell signal).
    • Open a sell trade and place a protective stop order above swing resistance.
    • Exit the sell trade for a fixed take profit target.

    Download Now 🆓

    Arbitrage.mq5 Indicator (MT5)

    Frequently Asked Questions

    How Do I Install This Custom Indicator On Metatrader 5?

    • Open the MT5 trading platform
    • Click on the File menu button located at the top left part of the platform
    • Click on Open Data Folder > MQL5 folder > Indicators
    • Copy the Arbitrage.mq5 indicator file in the Indicators folder
    • Close and restart the trading platform
    • You will find the indicator here (Navigator window > Indicators)
    • Drag the indicator to the chart to get started with it!

    How Do I Edit This Indicator?

    • Click in the open chart with your right mouse button
    • In the dropdown menu, click on Indicator List
    • Select the indicator and click on properties
    • Now you can edit the inputs, colors, levels, scale and visualization
    • Finally click the OK button to save the new configuration
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