BOW Indicator V4.0
Trend-following arrow indicator · CCI + volatility filter · Free · MT4
About BOW Indicator V4.0
The BOW Indicator V4.0 is a trend-following MT4 indicator that plots four different colored arrows on the chart to signal trend strength: magenta for strong bullish momentum, red for regular bullish momentum, green for bearish momentum, and aqua for strong bearish momentum.
Signals are generated from a combination of the Commodity Channel Index (CCI), volatility filters, and custom adaptive algorithms. The free package bundles the BOW Indicator v4.0.ex4 file together with a CandleTimer.ex4 tool, chart templates, and an installation/trading guide.
- Platform: MetaTrader 4
- Type: Trend-strength arrow indicator (CCI + volatility filters)
- Package: BOW Indicator v4.0.ex4, CandleTimer.ex4, templates, guide
- Price: Free
- Source: indicatorspot.com · BOW Indicator V4
Key Features
✓ Four-color arrow system distinguishes strong vs. regular bullish/bearish momentum at a glance
✓ Combines CCI with volatility filtering rather than a single raw oscillator
✓ Free, comes bundled with a candle timer tool and ready-made chart templates
⚠ As with any arrow indicator, best paired with a broader strategy rather than traded in isolation