Binary Code Indicator
Non-repaint arrow signal indicator · Free · MT4
About Binary Code Indicator
The Binary Code Indicator (also distributed as "Forex Binary Code") is a non-repainting MT4 arrow indicator that plots buy/sell arrows once a candle closes and a trend reversal is confirmed — the arrow stays fixed on that candle and does not repaint retroactively, unlike many arrow-signal tools.
It analyzes current trend direction and phase, flags the moment a trend weakens, and draws an arrow on the first confirmed reversal move. It works across most timeframes and pairs, with reported best use on M1–M5 for scalping. The underlying algorithm is reportedly based on an older indicator known as "Raitis Cy filter."
- Platform: MetaTrader 4
- Type: Non-repaint buy/sell arrow indicator
- Best timeframes: M1, M5 (scalping), also usable on higher timeframes
- Alerts: Mobile push notification, platform pop-up, email
- Price: Free
- Source: indicatorspot.com · Binary Code Indicator
Key Features
✓ Non-repainting — signal arrows stay fixed once a candle closes
✓ Works on M1/M5 for scalping and higher timeframes for swing entries
✓ Built-in mobile, pop-up and email alerts
⚠ Despite the name, this is a technical arrow indicator, not a binary-options-specific tool