MonEx Arrow Indicator: Combination of ZigZag and Weighted Price

MonEx Arrow Indicator - is a fairly simple signal indicator based on a combination of a weighted price and the popular ZigZag indicator.

In addition to the coloring of bullish and bearish candles and their shadows, the MonEx indicator displays signals for entry in the form of arrows of the corresponding color and direction.

The combination implemented in the MonEx Arrow indicator looks quite interesting and promising. If you wish, you can improve the efficiency of the indicator by introducing new parameters and adding an alerting system. "Revision of bots (advisors, indicators)".

Download MonEx Arrow Indicator

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