Get Notified with the Recent High/Low Alert Indicator for MetaTrader 5 — This handy tool shows you two key bands representing the maximum and minimum levels over the last N candles. By default, you'll see the maximum band marked with a blue line and the minimum band with a yellow line. What’s great is that it can send you alerts via pop-up, email, or push notification whenever the current price (Bid) crosses these recent high or low levels. And if you want a quiet trading day, you can easily turn off all alerts. Just remember, if you’re using the email alert feature, make sure to set up your email settings in the MetaTrader options. The same goes for push notifications. Plus, this indicator is available for both MT4 and MT5!
Input Parameters
- N (default = 20) — This is the period value for the recent High/Low levels.
- EnableNativeAlerts (default = false) — Set this to true to receive a native MetaTrader popup alert when the price breaks above or below the High/Low bands.
- EnableEmailAlerts (default = false) — When set to true, an email notification will be sent when the price breaches the High/Low bands. Make sure your email is configured in MetaTrader via Tools->Options->Email.
- EnablePushAlerts (default = false) — If set to true, you’ll receive push notifications when the price crosses the bands. Ensure notifications are configured in MetaTrader via Tools->Options->Notifications.
- TriggerCandle (default = Previous) — Choose the candle that will trigger alerts: Previous for the most recently closed candle or Current for the ongoing candle.
This indicator can be a game changer in various ways. You can use the recent high or low levels as a trailing stop-loss for exiting positions, or as entry points for new trades. While it might not be the strongest primary signal, breaking these recent extremes can confirm other signals you’re watching. The customizable notification options make it easy to stay on top of these critical price movements.
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