In the ever-evolving world of Forex trading, timing is everything. Miss the ideal entry or exit, and you could watch profits evaporate—or worse, see losses balloon. Traders have long relied on oscillators, moving averages, and more advanced tools to filter noise and pinpoint market turning points. Enter the Beacon Arrow Indicator MT4, a powerful yet intuitive tool that paints bright arrows on your MetaTrader 4 charts, guiding you toward high-probability trade setups.


Whether you’re a day trader scouring the markets for quick scalps on M5 or a swing trader seeking H4 trend reversals, Beacon Arrow fits seamlessly into your workflow. It combines multiple technical signals—momentum, volatility, and trend confirmation—into a single, clear visual cue. No confusing overlays or hundreds of lines; just an arrow when conditions align.


In this blog, we’ll dive into:



  • What makes Beacon Arrow unique

  • Its standout features

  • How it calculates and plots signals

  • Step-by-step installation and configuration

  • Tips for integrating it into your trading strategy


Overview


The Beacon Arrow Indicator MT4 is designed for traders seeking a straightforward, no-nonsense way to identify potential market turning points. Under the hood, it aggregates readings from:



  • A customizable trend filter (e.g., moving average slope)

  • A momentum oscillator (e.g., RSI or Stochastic)

  • A volatility gauge (e.g., ATR breakout)


Only when all three align—indicating a trend pick-up, sufficient momentum, and confirmed volatility—does Beacon Arrow plot a signal arrow. This multi-layered approach reduces false alarms and increases the likelihood of entering moves that carry enough momentum to reach your profit targets.


You’ll see:



  • Green upward arrows marking potential long entries

  • Red downward arrows indicating short opportunities



Key Features



  • No Repaint Logic
    Signals are final once plotted; no late-breaking adjustments that distort backtests.

  • Multi-Timeframe Compatibility
    Works on all MT4 timeframes—from M1 for scalping to D1 for longer-term trades.

  • Customizable Parameters
    Adjust trend length, momentum thresholds, and volatility breakout multipliers.

  • Built-In Alerts
    Push, email, and sound alerts for both long and short signals.

  • Lightweight & Fast
    Optimized code ensures minimal impact on platform performance, even with multiple charts open.

  • Clear Visuals
    Large, colored arrows and optional background shading for enhanced visibility.

  • Free & Open
    100% free download on fxcracked.org; source input parameters are fully accessible.

  • Comprehensive User Guide
    Step-by-step PDF included, plus links to video tutorials.


How It Works



  1. Trend Confirmation
    Beacon Arrow computes a moving average slope (default: 50-period SMA). Only when the slope is angled beyond your chosen threshold does it consider a trend valid.

  2. Momentum Check
    It then samples a momentum oscillator (default: 14-period RSI). A reading above 55 flags bullish momentum; below 45 confirms bearish momentum.

  3. Volatility Filter
    To avoid whipsaws, the indicator measures Average True Range (ATR). If price movement exceeds “ATR × multiplier” within the signal bar, volatility is deemed sufficient.

  4. Signal Generation
    When all three conditions are met at bar-close, Beacon Arrow plots an arrow at the high or low. Simultaneously, it can issue an alert via MT4’s notifications.



Installation & Configuration


Download
Grab the BeaconArrow.mq4 file from:
https://fxcracked.org/beacon-arrow-indicator-mt4


Copy to MT4



  • Open MT4 → File → Open Data Folder

  • Navigate to MQL4/Indicators

  • Paste BeaconArrow.mq4 into the folder


Compile & Attach



  • Restart MT4

  • In Navigator panel, right-click Indicators → Refresh

  • Drag Beacon Arrow Indicator onto your chart


Recommended Settings



  • Trend MA Period: 50

  • RSI Period: 14

  • Momentum Levels: 55 (upper), 45 (lower)

  • ATR Period: 14

  • ATR Multiplier: 1.5

  • Alert Mode: Push & Sound


Strategy Tips



  • Combine with Support/Resistance
    A Beacon Arrow signal at a major S/R zone greatly increases the odds.

  • Risk Management
    Use a stop-loss just beyond the opposite arrow’s level (e.g., below the red arrow for shorts).

  • Timeframe Alignment
    Confirm shorter-term arrows (e.g., M15) in the direction of your higher-timeframe trend (H1).

  • Session Filters
    Apply Beacon Arrow only during high-liquidity sessions (London/New York overlap) to reduce false breaks.

  • Partial Profit
    Consider closing half your position at 1 × ATR and letting the rest run with a trailing stop.


Conclusion & Call to Action


If you’re tired of guessing where the market might turn, the Beacon Arrow Indicator MT4 offers a streamlined, rules-based approach to pinpointing high-probability entries and exits. Best of all, it’s completely free—no hidden fees, no trials. Download it now, load it on your MT4, and start letting the arrows do the heavy lifting.