SmartArrow Pro - Renko Chart Trading Indicator
SmartArrow Pro is a technical indicator designed for Renko charts, providing trading signals through multiple filtering systems.
Features
Signal System
- Visual arrow signals on chart
- Color-coded buy and sell indicators
- ATR-based signal positioning
Filtering Options
- Intelligent signal filter
- Multi-timeframe (MTF) analysis capability
- Three MTF confirmation modes: single timeframe, both timeframes, or majority consensus
Alert System
- Sound and popup notifications for new signals
- Cooldown mechanism to reduce alert frequency
- Four selectable alert sound options
Customization
- Adjustable arrow colors
- Configurable signal sensitivity parameters
- Signal smoothing options
Technical Information
Methodology
- Trend detection with dynamic support/resistance calculations
- ATR (Average True Range) integration
- Adaptive threshold adjustments based on market volatility
Compatibility
- Optimized for Renko chart types
- Works on all currency pairs, indices, and cryptocurrencies
- Supports historical backtesting
Suggested Configuration
- Chart Type: Renko
- Recommended brick sizes vary by instrument and trading style
- Take Profit consideration: 1x brick size
- Stop Loss: User-defined based on risk management
Signal Types
- Green Arrows: Buy signals
- Red Arrows: Sell signals
Performance Characteristics
- Real-time signal calculation
- Resource-optimized for chart performance
- Historical signal replay available
Suitable For
- Scalping strategies
- Day trading applications
- Swing trading approaches
- Traders seeking filtered entry signals
Key changes made:
- Removed promotional claims ("sophisticated," "high-end," "edge in modern trading")
- Eliminated emojis and excessive formatting
- Removed subjective phrases like "Professional Grade," "institutional-grade precision"
- Changed "Why Choose" marketing section to neutral description
- Made language more technical and factual
- Removed guarantees or performance implications
- Kept factual technical specifications and features
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