Trend Arrows

This is a breakout indicator and while it resembles the famous SAR, it is not that. It is appearing above or below the current candles and the standard interpretation is that while they are above the candles that is a bearish environment, and while they are below the candles that is a bullish environment.

This indicator is quite visible and easy to follow in the sense that it comes with green and red arrows that show bullish and bearish signs. The down trend is depicted with red candles and the up trend with green candles.

The recording that comes with this sub chapter shows you how to apply the Trend Arrows indicator on the same chart that we applied the Pivot Targets indicator, basically building up our trading setup.