Fractal Arrow Buy and Sell Indicator provides visual signals for market entry and exit by displaying arrows and labels on price charts. It aims to reduce false signals through adjustable parameters including fractal period, arrow size, arrow offset label, and arrow color. The indicator marks buy signals with a green upward arrow below the candle accompanied by a green "B," and sell signals with a red downward arrow above the candle plus a red "S" slightly to the right.
The indicator supports multiple timeframes with recommended fractal settings and gain targets:
- 3-5 minutes timeframe: fractal set to 2, target gain 60-120 pips
- 15 minutes timeframe: fractal set to 5, target gain 300-500 pips
- 30 minutes timeframe: fractal set to 8, target gain 600-700 pips
Users can edit the instance name for easier identification. The indicator is designed to assist traders in identifying optimal buy and sell points by leveraging fractal analysis and customizable visual cues.