StalkeR Arrow v7.8

StalkeR Arrow Indicator Overview:

The StalkeR Arrow is an advanced arrow indicator designed to provide buy and sell signals based on price action patterns and fractals. This indicator is designed to operate on both bar open and intra-bar signals.

Key Features:

1. Signal and Targets:

   • Provides clear buy and sell signals with corresponding take profit (TP) and stop loss (SL) levels.

   • TP and SL are represented as lines above and below each signal, extending until a new signal forms.

2. Backtesting Panel:

   • Includes a built-in backtesting panel/dashboard that tracks win/loss statistics of historical signals, allowing traders to evaluate the performance of the system.

3. Non-Repainting:

   • The indicator does not repaint or back-paint, ensuring that signals remain valid once formed.

This indicator is perfect for traders looking for a reliable, non-repainting signal tool with built-in performance tracking and real-time trade management.

Stalker Arrow v7.8 – Parameters Overview:

1. Stalker Period: Controls the arrow period. A higher value results in fewer signals.

2. Spread: Uses spread value (in points) to calculate wins and losses shown on the panel.

3. Stoploss ATR x: Multiplies ATR (Average True Range) by this value to determine stop loss level.

4. Takeprofit ATR x: Multiplies ATR by this value to determine take profit level.

5. ATR Period: Defines the ATR period for calculating TP and SL.

6. TP/SL Lines: Customizable line colors and width for TP and SL.

7. Arrows: Customizable arrow colors and width.

8. Panel/Dashboard: Adjusts the position of the trading panel/dashboard.

9. Alerts/Email/Notifications: Option to enable alerts, email notifications, or push notifications for trading signals.