FTLM HIST ARROW Indicator MT4: Precision Histogram Arrow Signals

Are you tired of wading through crowded charts, hunting for the one bar that actually matters? Most indicators either cost an arm and a leg or spit out so many false signals you end up second-guessing every trade. The FTLM HIST ARROW Indicator MT4 by YoForex is your free shortcut to pinpointing momentum shifts on MetaTrader 4. It blends a classic histogram with crystal-clear arrow cues, so you know exactly when buyers or sellers are taking charge. No more guesswork, no more endless tweaking—just reliable, non-repainting signals that help you trade with confidence.

Built and maintained by YoForex’s quant team, the FTLM HIST ARROW Indicator MT4 is fully back-tested and live-market verified across dozens of currency pairs. Whether you’re a scalper on M15, a swing trader on H1, or a position trader on H4, this tool adapts to your style. And best of all? It’s completely free—simply download from our MQL5.software page and start trading smarter today.

Overview

The FTLM HIST ARROW Indicator MT4 is a custom MT4 indicator that merges histogram momentum readings with arrow markers to highlight optimal entry and exit points. Under the hood, it calculates the difference between a fast and a slow exponential moving average of price momentum. Those differences are plotted as a histogram around a zero line. Whenever the histogram crosses above or below zero—and meets user-defined threshold criteria—the indicator plots a bold up-arrow (bullish) or down-arrow (bearish) directly on the chart.

Key design principles:

  • Non-Repainting: Signals stay fixed once plotted, avoiding the dangerous “vanishing arrow” problem.
  • Adaptive Smoothing: Smoothing parameters adjust to market volatility, reducing noise.
  • Minimal Setup: Load it on any chart and start—no coding required.

Key Features

• Precise Arrow Signals: Bullish and bearish arrows pinpoint exact crossover bars.
• Adaptive Histogram Bars: Bar colors shift with momentum strength for visual clarity.
• Custom Thresholds: Fine-tune sensitivity for aggressive or conservative trading.
• Multi-Pair Support: Tested on majors, minors, exotics, and even metals like XAUUSD.
• Multi-Timeframe Alerts: Receive alerts on your phone or desktop via MT4’s email/push system.
• Built-In Volatility Filter: Optional ATR filter blocks choppy-market noise.
• Colorblind-Friendly Palettes: Choose alternative color schemes for high contrast.
• Lightweight Code: Minimal CPU usage keeps MT4 running smoothly.
• Batch Chart Setup: Save default settings to apply across dozens of charts in one click.
• User-Friendly Interface: Simple inputs panel—no cryptic variables.
• Free Access & Updates: Lifetime free usage with regular enhancements from YoForex.
• Community-Driven Improvements: Feature requests implemented based on trader feedback.

 

FTLM HIST ARROW Indicator MT4

 

How It Works

  1. Histogram Calculation

    • The indicator computes two EMAs (fast and slow) on price momentum.

    • The difference (fast minus slow) is plotted as histogram bars oscillating around zero.

  2. Threshold & Crossover Detection

    • When a bar’s close crosses above zero and exceeds positive threshold, a green up-arrow is triggered.

    • When a bar’s close crosses below zero past negative threshold, a red down-arrow appears.

    • Thresholds help avoid false signals during minor fluctuations.

  3. Arrow Plotting & Alerts

    • Arrows are drawn at bar extremes for maximum visibility.

    • Optional alerts (pop-up, email, mobile push) notify you instantly of fresh signals.

  4. Volatility Filter

    • Incorporates ATR-based filter: if ATR dips below user-set level, signals are suppressed.

    • Ensures you only see arrows during active, tradable market conditions.

  5. Non-Repainting Logic

    • Once an arrow is plotted, it remains fixed—even if subsequent bars would normally repaint.

    • Allows you to backtest signals reliably without worrying about shifted entry points.

Backtest & Live Results

Before public release, YoForex’s quant analysts back-tested the FTLM HIST ARROW Indicator MT4 extensively:

  • Period: Jan 2018–Jun 2024
  • Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD
  • Timeframes: M15, H1, H4
  • Sample Signals: Over 3,000 per pair

Backtest Highlights

  • Win Rate: 62% on H1 with a 1:1.8 average risk-reward ratio.
  • Max Drawdown: Capped at 5.8% during worst months.
  • Profit Factor: 1.75 across tested instruments.

In live market trials (Jan–Jun 2025), the indicator mirrored backtest performance closely:

  • M15 Win Rate: 58%
  • H4 Drawdown: Lower by 0.4% thanks to live ATR filtering.
  • Consistency: Monthly gain of 3–5% average on demo accounts.

These results give you a realistic expectation of how the FTLM HIST ARROW Indicator MT4 performs under live conditions—no spin, no over-optimisation.

Installation & Setup

Getting up and running is quick:

  1. Download

    • Visit the FTLM HIST ARROW Indicator MT4 page on MQL5.software and hit “Download.”

  2. Copy Files

    • Open MT4 → File → Open Data Folder → MQL4 → Indicators.

    • Paste the downloaded .ex4 file here.

  3. Restart & Load

    • Restart MT4 or refresh the Navigator.

    • Under Custom Indicators, find “FTLM HIST ARROW Indicator MT4” and drag it onto your chart.

  4. Recommended Settings

    • Fast EMA Period: 12

    • Slow EMA Period: 26

    • Threshold: 0

    • ATR Period: 14, ATR Multiplier: 1.2

    • Enable Alerts: ✅

  5. Save as Template

    • Right-click chart → Template → Save Template → name “FTLM-HistArrow.”

    • Apply this template to any chart for instant setup.

Customizing FTLM HIST ARROW Indicator MT4 for Your Style

Want to tailor the FTLM HIST ARROW Indicator MT4 to your unique strategy? Here are some tweaks:

  • Short-Term Scalping (M5/M15)

    • Lower Fast/Slow EMA to 8/21 for quicker signals.

    • Increase threshold to ±0.5 to cut down on noise.

  • Swing Trading (H1/H4)

    • Use default 12/26 EMA but tighten ATR filter to avoid low-volume hours.

    • Combine arrow signals with support/resistance zones for higher-probability entries.

  • Automated Integration

    • Link arrow signals to an EA via MT4 Alerts → Expert Advisors tab.

    • Automate position sizing based on signal strength (bar height).

  • Visual Customization

    • Change arrow colors and sizes in the Inputs panel for clarity on different chart backgrounds.

    • Switch to colorblind palette (blue/orange) for improved accessibility.

Experiment with these settings on a demo account until you find a configuration that fits your risk tolerance and trading schedule.

Why Choose YoForex Tools?

YoForex stands out because we believe in transparency, accessibility, and community-driven innovation:

  • Open Performance Logs: Backtest data published on MQL5 forum for peer review.
  • Lifetime Free Access: No hidden fees—ever.
  • Regular Updates: Responding to user feedback, our dev team rolls out enhancements monthly.
  • Active Community: Thousands of traders swapping tips in our Telegram group.

When you download a YoForex indicator, you’re joining a global network of traders dedicated to responsible, data-driven strategies.

Support & Disclaimer

Need help? Reach out any time:

Disclaimer: Forex trading carries risk. Past performance is not indicative of future results. Always test new indicators on demo accounts before trading live. Trade only with capital you can afford to lose.

Conclusion

The FTLM HIST ARROW Indicator MT4 is your go-to solution for cutting through market noise and honing in on true momentum shifts. With its precise histogram arrows, non-repainting logic, and adaptive filters, this free MT4 tool empowers you to trade smarter and more confidently. Download it now from MQL5.software, customize to your style, and let YoForex’s histogram arrow signals guide your next successful trade.

Happy Trading!