Velocity Arrows Indicator

The Velocity Arrows indicator for MT4 shows the average speed at which the price rises or falls. It allows traders to see how fast or slow the price moves in a particular direction. The indicator uses a fast and slow moving average to display the velocity at the bottom of the screen. Moreover, it gives clear buy and sell signals with arrows on the chart. How To Use The Velocity Arrows Indicator For MT4 The indicator is simple to use. The lime green line is the fast moving average, while the orange line is the slow moving average. Values above zero show the velocity of bullish moves, while those below zero show the velocity of bearish moves. Therefore, traders can identify reversals when the moving averages crossover. A bullish crossover happens when the lime green line goes above the orange line. Meanwhile, a bearish crossover occurs when the lime green line crosses below the orange line. For the bullish crossover, the indicator generates a green arrow for the buy signal. On the other hand, the bearish crossover leads to an orange arrow sell signal. Conclusion The Velocity Arrows indicator for MT4 shows the speed at which the price moves in a specific direction. Moreover, it uses fast and slow moving averages that give good entry signals when they cross over.