I've developed this indicator to help identify entry positions for short term options. It use a combination of technical indicators and volume to determine entries. Combined with basic price behavior analyses and avoiding major news release this indicator is pretty accurate.
At this stage I do not have a definite strategy to give you, but I'm currently using it on the M5 chart with 15 minute expiry options.
The Arrow will paint at the open of the entry candle and trail the high/low of the candle. Once the candle close the arrow will stay static. It will NEVER re-paint, meaning it will NOT jump candles.
Update 29 July 2016:
An updated version is in the making called "TheWhiteArrow". It will signal a possible trade at the open of the candle. For a CALL option the current candle must close DOWN to be valid, which will be confirmed by The White Arrow. If a CALL signal has been received and the candle close UP the Arrow will disappear and no trade must be taken. The opposite is valid for a PUT signal.
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