SmartArrows AI V2
Indicator
6 purchases
Version 1.0, Aug 2025
Windows, Mac
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
Indicator profile
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BTCUSD
Forex
Signal
Breakout
Indices
EURUSD
Commodities
GBPUSD
NZDUSD
Prop
Scalping
Crypto
Stocks
XAUUSD
NAS100
USDJPY
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.
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Since 21/02/2025
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Traded volume
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Pips won
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Sales
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