The Moving Buy Sell Arrows Oscillator MT4 forex indicator generates buy and sell trade arrows, which are based on a moving technical oscillator.
A blue arrow suggests there’s an uptrend and this is a signal to buy the forex pair.
A red arrow suggests there’s an downtrend and this is a signal to sell the forex pair.
Traders can use the Moving Buy Sell Arrows Oscillator as a stand-alone buy/sell signals indicator or in agreement with other technical indicators or analysis tools.
For instance, this indicator can be used in agreement with a 200 simple moving average.
Price action above the 200 SMA? Trade the oscillator buy trade arrows and ignore the red sell arrows.
Price action below the 200 SMA? Trade the oscillator sell trade arrows and ignore the blue buy arrows.
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Indicator Chart (EUR/USD D1)
The EUR/USD Daily chart below displays the Moving Buy Sell Arrows Oscillator Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Moving Buy Sell Arrows Oscillator MT4 forex indicator are easy to interpret and go as follows:
Buy Signal: A valid buy signal occurs when the Moving Buy Sell Arrows indicator draws a blue arrow on the chart.
Sell Signal: A valid sell signal occurs when the Moving Buy Sell Arrows indicator draws a red arrow on the chart.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
Moving Buy Sell Arrows + Advanced Bollinger Bands Scalping Strategy for MT4
This scalping strategy combines the clear entry signals of the Moving Buy Sell Arrows Oscillator MT4 Indicator with the trend and volatility context provided by the Advanced Bollinger Bands MT4 Indicator.
The Moving Arrows Oscillator gives precise blue arrows for buy signals and red arrows for sell signals, helping traders identify short-term momentum.
The Advanced Bollinger Bands confirm trend direction and market volatility, with upward sloping bands indicating bullish bias and downward sloping bands showing bearish bias.
This method is specifically designed for scalping on M1 and M5 charts, where price moves quickly and opportunities appear frequently.
By combining momentum with trend and volatility confirmation, traders can focus on high-probability setups while filtering out false entries that are common on very short timeframes.
The strategy works best on liquid major currency pairs and is ideal for traders seeking clear, actionable signals for fast intraday trades.
Buy Entry Rules
- Confirm the Advanced Bollinger Bands are sloping upward, showing bullish bias and expansion.
- Wait for the Moving Buy Sell Arrows Oscillator to display a blue arrow (buy signal).
- Enter a buy trade on the candle immediately after the blue arrow appears, provided the bands are still upward-sloping.
- Place a stop loss a few pips below the recent swing low or below the lower Bollinger Band.
- Exit the trade when a red arrow appears or when price reaches the upper band and momentum shows signs of weakening.
Sell Entry Rules
- Confirm the Advanced Bollinger Bands are sloping downward, showing bearish bias and expansion.
- Wait for the Moving Buy Sell Arrows Oscillator to display a red arrow (sell signal).
- Enter a sell trade on the candle immediately after the red arrow, provided the bands remain downward-sloping.
- Place stop loss a few pips above the recent swing high or above the upper Bollinger Band.
- Exit the trade when a blue arrow appears or when price reaches the lower band and shows signs of slowing.
Advantages
- Combines momentum and trend/volatility filters to reduce false signals and improve trade accuracy.
- Arrows provide clear, easy-to-read entry points suitable for fast scalping decisions.
- Bollinger Bands confirm trend direction and help identify when the market has enough momentum for a successful scalp.
- Works well on both M1 and M5 charts, providing flexibility for different intraday trading styles.
- Quick exits based on arrow reversal or band extremes help protect profits and minimize losses.
- Simple to implement, even for traders who are new to scalping, because visual cues reduce analysis time.
- Can be used across multiple major pairs with high liquidity for consistent scalping opportunities.
Drawbacks
- Scalping requires constant monitoring; missing signals or delayed reactions can reduce effectiveness.
- Spreads, slippage, and broker execution speed can have a significant impact on profits.
- Flat or low-volatility markets can produce weak signals that often lead to small losses.
- High-frequency trading can be mentally and emotionally demanding due to rapid decision-making.
Case Study 1: EURJPY 5-Minute Buy
On the EURJPY 5-minute chart, the Bollinger Bands began sloping upward, signaling bullish momentum.
Shortly after, the Moving Buy Sell Arrows Oscillator displayed a blue arrow.
Entry was made at 147.35, with stop loss set below the recent swing low at 147.20.
Price moved upward quickly, reaching near the upper band.
When a red arrow appeared, the trade was closed for 23 pips, capturing a fast scalp profit.
Case Study 2: USDCHF 1-Minute Sell
On the USDCHF 1-minute chart during a volatile session, Bollinger Bands were sloping downward and expanding, indicating bearish momentum.
The Moving Arrows Oscillator displayed a red arrow.
Entry was made at 0.8912, with stop loss placed above the recent swing high at 0.8920.
Price moved down sharply within minutes. A blue arrow then appeared, signaling the exit.
The trade captured a quick 12 pips profit while following the trend, showing the strategy’s effectiveness on M1 charts.
Strategy Tips
- Always wait for both the arrow signal and the Bollinger Bands slope to align. Entering on one alone increases the chance of false entries.
- Focus on currency pairs with tight spreads and high liquidity for better execution and smaller slippage.
- Do not trade when bands are flat or very narrow; these conditions often indicate low volatility and weak momentum.
- Set realistic pip targets for each scalp and avoid trying to chase large moves on M1 or M5 charts.
- Use small position sizes because scalping involves multiple trades and quick exits.
- Pay attention to nearby support and resistance levels; avoid entering trades directly against strong structural zones.
- Backtest and demo trade first to understand signal timing, spread impact, and trade management before live trading.
Download Now
Download the “moving-minmax-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Smoothing, Window, Price) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend Oscillator
