Unlock Trading Potential with the Recent High/Low Alert Indicator for MT4

Stay Ahead with the Recent High/Low Alert Indicator for MetaTrader 4 — This handy tool displays two bands representing the maximum and minimum levels across the latest N candles. By default, you’ll see the maximum band marked with a blue line and the minimum band highlighted in yellow. Plus, it can send you a popup alert, an email, or a notification whenever the current Bid price breaks through these recent High or Low levels. Don’t worry, you can turn all alerts off if you prefer a quieter trading experience. If you’re using the email alert feature, make sure to set up your email settings in the options window of your MetaTrader platform. The same goes for push notifications. You can utilize this indicator on both MT4 and MT5 platforms.

Input Parameters

• N (default = 20) — the period value for determining the recent High/Low levels.
• EnableNativeAlerts (default = false) — if set to true, you’ll receive a native MetaTrader popup alert when the price crosses above or below the High/Low bands.
• EnableEmailAlerts (default = false) — if set to true, an email will be sent when the price breaches the High/Low bands. Make sure your email is configured correctly in MetaTrader via Tools -> Options -> Email.
• EnablePushAlerts (default = false) — if set to true, you’ll receive a push notification when the price crosses the bands. Ensure your notifications are set up in MetaTrader through Tools -> Options -> Notifications.
• TriggerCandle (default = Previous) — the candle that triggers alerts: Previous refers to the most recently closed candle, while Current refers to the still-open candle.

This indicator can be a game-changer in your trading strategy. Use the recent high or low levels as a trailing stop-loss when closing positions. These levels can also be great entry points for new trades. While they might not stand alone as strong signals, breaking through recent extremes can serve as confirmation for other signals you’re following. With customizable alert options, you’ll be ready to react promptly to market changes.