Binary Arrow Indicator

The Binary Arrow Indicator for MT4 is a simple yet highly effective tool designed to produce precise buy and sell signals using exponential moving averages (EMAs) combined with the Relative Strength Index (RSI). By plotting clear, color-coded arrows directly on the chart, the indicator helps traders easily identify potential trend reversals and make confident trading decisions.

This makes it especially useful for binary options traders, where accuracy and timing are crucial. Whether you’re a beginner learning chart signals or an experienced trader who prefers visual confirmation, the Binary Arrow Indicator provides a reliable, easy-to-interpret framework for identifying trend changes.

Binary Arrow Indicator for MT4 Trading Signals

The indicator uses two primary visual elements:

Green arrows → BUY signal (trend shifting from bearish to bullish)

Red arrows → SELL signal (trend shifting from bullish to bearish)

These arrows are generated based on the interaction between:

 EMA Crossover Logic

Fast EMA: 5-period

Slow EMA: 200-period

Buy Signal:
A green arrow appears when the 5 EMA crosses above the 200 EMA, indicating upward momentum.

Sell Signal:
A red arrow appears when the 5 EMA crosses below the 200 EMA, signaling bearish pressure.

This is a classic trend-reversal detection method, simplified into an easy-to-read signal.

 RSI (12-Period) Confirmation Filter

The indicator also integrates the Relative Strength Index (RSI) to avoid false signals during overextended market conditions.

The RSI ensures BUY signals do not trigger in overbought zones

SELL signals are filtered out in oversold zones

This increases accuracy by ensuring the market has room to move in the direction of the new trend.

Conclusion

The Binary Arrow Indicator for MT4 is a highly efficient trading tool that simplifies market analysis by generating clean, visual buy and sell signals. By combining EMA crossovers with the RSI filter, it helps traders pinpoint trend reversals and optimize entry timing—making it especially valuable for binary options, scalping, and short-term trading strategies.

Easy to understand and suitable for traders of all experience levels, this indicator is a great addition to any MT4 setup.