Recent High/Low Alert MetaTrader indicator | FREE Forex Trading Indicator
High/Low Alerts in the Recent Past MetaTrader indicator — shows two bands of maximum and minimum levels over the last N candles. The maximum band is displayed with a blue line by default, while the minimum band is displayed with a yellow line. It can also play a sound alert, display a popup alert, and send an email alert when the current price (Bid) breaks the previous High or Low level. All alerts can be disabled. If you use the email alert feature, remember to configure your email settings in the MetaTrader platform’s options window. The indicator is compatible with both MT4 and MT5.
- N (default = 20) — period value for the recent High/Low levels.
- SoundAlert (default = true) — if true, a sound alert will be used when price breaks above or below the High/Low bands.
- PopupAlert (default = false) — if true, a native MetaTrader popup alert will be used when price breaks above or below the High/Low bands.
- EmailAlert (default = false) — if true, an email message will be sent when price breaks above or below the High/Low bands.
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This indicator can be applied in a variety of ways. The most recent high or low level can be used as a trailing stop-loss for exiting positions. These levels can also be used to gain entry into new positions. Although it may not be as strong as primary signals, the recent extreme level breach could be a confirmation of another signal. Notification options that can be configured make it easier to respond to those events.
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