CodeBaseSections
Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Indicators

Recent High/Low Alert MT4 - indicator for MetaTrader 4

Tuan Nguyen Van
Views:
1934
Rating:
(2)
Published:
2025.02.02 01:26
Download as ZIP, How to download code from MetaEditor
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Recent High/Low Alert MetaTrader indicator — displays two bands of maximum and minimum levels across recent N candles. By default, the maximum band is displayed with a blue line; the minimum band is displayed with a yellow line. Additionally, it can invoke a popup alert, send an email alert, or issue a notification alert when the current price (Bid) breaks recent High or Low level. All alerts can be turned off. If you use the email alert feature, do not forget to set the email settings in your MetaTrader platform's options window. Same with push-notifications. The indicator is available for both MT4 and MT5.

Input parameters

  • N (default = 20) — period value for the recent High/Low levels.
  • EnableNativeAlerts (default = false) — if true, a native MetaTrader popup alert will be used when price breaks above or below the High/Low bands.
  • EnableEmailAlerts (default = false) — if true, an email message will be sent when price breaks above or below the High/Low bands. Email should be properly configured in MetaTrader via Tools->Options->Email.
  • EnablePushAlerts (default = false) — if true, an email message will be sent when price breaks above or below the High/Low bands. Notifications should be properly configured in MetaTrader via Tools->Options->Notifications.
  • TriggerCandle (default = Previous) — the candle to issue alerts on: Previous — the most recently closed candle or Current — the yet unfinished candle.

This indicator can be used in a number of ways. Recent high or low level can be used as a kind of trailing stop-loss for exiting the positions. Such levels can also be used for entering new positions. Although it may not be strong as primary signals, the breach of the recent extreme level could be a confirmation of some other signal. Configurable notification options make it easier to react to those events.


Range Expansion Index (REI) MT4 Range Expansion Index (REI) MT4

Range Expansion Index (MetaTrader indicator) — is a relative oscillator indicator that measures the pace of the price changes and signals overbought/oversold states if the price demonstrates weakness or strength. It was developed by Tom DeMark and explained in his book The New Science of Technical Analysis. The value of the indicator changes from -100 to +100. The REI is an enhanced oscillator because it tries to remain calm during the range trading and indicates signals only when the significant peaks or bottoms are spotted. You can download this indicator both for MT4 and MT5.

Rainbow Multiple Moving Average (RMMA) MT4 Rainbow Multiple Moving Average (RMMA) MT4

Rainbow Multiple Moving Average (RMMA) MetaTrader indicator — is a very simple but visually informative indicator based on the standard moving average. It draws 66 rainbow-colored moving average lines of your preferred type and price directly in the main window of the chart. This indicator is available for both MT4 and MT5 versions of the trading platform.

Round Levels MT4 Round Levels MT4

Round Levels MetaTrader indicator — an MT4/MT5 indicator that can display round levels and zones near them based on your configuration. It can be useful to trade off the natural psychological support and resistance zones. It can also issue alerts when the price is in either support or resistance zone.

RSIOMA MT4 RSIOMA MT4

RSIOMA MetaTrader indicator — this indicator takes two moving averages, calculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes. They are shown in the separate window where they change from 0 to 100. The auxiliary histogram is shown for a quick-glance view of the current trend. The indicator is available for both MT4 and MT5 versions of the MetaTrader platform.