Market / MetaTrader 4 / Utilities /

Spread Alert

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Published: 5 December 2018

Current version: 1.5

Spread Alert

Utilities
Alexander Martinez
Version: 1.5
Updated: 18 April 2022

Spread Alert monitors the spread and will warn you if the spread is higher than normal or alert you if it is above the threshold that you set.

Features:

Select 3 different colors depending on whether the spread is normal, higher than normal, or has triggered the alert
Optional sound alert that lets you set a custom sound (must be a .wav file)
Displays the lowest recorded spread, spread warning, alert pips, and the spread status in the tooltip when you hover over the label

Parameters:

Name
Description

Sound Alert Plays a sound file when the alert threshold is met

Alert Sound File (must be .wav file) The wav file that will be played once the alert goes off

Alert Sound Off Begin (Broker Hour) Beginning hour at which sound alarm will be muted

Alert Sound Off End (Broker Hour) Ending hour at which sound alarm will be un-muted

Alert Pips The threshold in pips that price must meet or exceed

Display Alert Pips Will display the threshold you have set next to the current spread

Alert Label: Enlarge If Enabled, will resize and relocate the label upon alert

Alert Label: Corner (Must be set to Enlarge) The location of where the label should be placed upon alert

Label Font Color (Normal) The color of the label that displays the spread when your alert threshold has been met

Label Font Color (Warning) The color of the label that displays the spread when the spread is higher than normal

Label Font Color (Alert) The color of the label that displays the spread when your alert threshold has been met

Label Font Size The size of the label that displays the spread

Label Font Type The font type of the label that displays the spread

Label X Distance The X coordinate of the label that displays the spread

Label Y Distance The Y coordinate of the label that displays the spread

Label Corner The corner of the chart used to calculate the X and Y Axis of the label that displays the spread

Label Anchor The placement of the anchor used to calculate the X and Y Axis of the label that displays the spread

Name	Description
Sound Alert	Plays a sound file when the alert threshold is met
Alert Sound File (must be .wav file)	The wav file that will be played once the alert goes off
Alert Sound Off Begin (Broker Hour)	Beginning hour at which sound alarm will be muted
Alert Sound Off End (Broker Hour)	Ending hour at which sound alarm will be un-muted
Alert Pips	The threshold in pips that price must meet or exceed
Display Alert Pips	Will display the threshold you have set next to the current spread
Alert Label: Enlarge	If Enabled, will resize and relocate the label upon alert
Alert Label: Corner (Must be set to Enlarge)	The location of where the label should be placed upon alert
Label Font Color (Normal)	The color of the label that displays the spread when your alert threshold has been met
Label Font Color (Warning)	The color of the label that displays the spread when the spread is higher than normal
Label Font Color (Alert)	The color of the label that displays the spread when your alert threshold has been met
Label Font Size	The size of the label that displays the spread
Label Font Type	The font type of the label that displays the spread
Label X Distance	The X coordinate of the label that displays the spread
Label Y Distance	The Y coordinate of the label that displays the spread
Label Corner	The corner of the chart used to calculate the X and Y Axis of the label that displays the spread
Label Anchor	The placement of the anchor used to calculate the X and Y Axis of the label that displays the spread

Notes:

Once an alert has been triggered, there's a cooldown of 15 minutes.
When the spread is greater than or equal to Alert Pips, the label defaults to the bottom right of the screen.

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With this utility, switching the object visibility for individual objects has never been easier. This will help eliminate the clutter that plagues MetaTrader 4 traders when they create objects and then go to a higher timeframe and see that the objects interfere with the visibility of the chart. The demo version of Visibility Switch only works on the EURUSD currency pair. The full version of Visibility Switch can be found here. By default, every new object created has its visibility set to the cu

FREE

With this utility, switching the object visibility for individual objects has never been easier. This will help eliminate the clutter that plagues MetaTrader 4 traders when they create objects and then go to a higher timeframe and see that the objects interfere with the visibility of the chart. By default, every new object created has its visibility set to the current timeframe and lower. This setting can be changed under the Auto Set Visibility parameter or overridden if you hold down the CTRL

30 USD

Better Scroll enables and disables MT4's AutoScroll feature when you scroll, making the feature feel more intuitive and convenient. No longer will you have to manually enable and disable AutoScroll or have it take you to the end of the chart because you forgot to turn it off when you were backtesting or looking at historical price data. Summary AutoScroll is DISABLED when: Mouse Click+Drag left (past currently open candle) Mouse Wheel Scroll left (past currently open candle) Page Up Key press

30 USD

Quick Alerts offers a fast and convenient method for creating and toggling alerts for MT4 objects. Coming soon in version 4.0: create meaningful alerts that notify you exactly when you want to be notified and reduce annoyance by specifying the Breakout or Approach alert type. Quick Alerts comes configured by default to automatically create alerts for the following objects when they are placed on a chart: Horizontal Lines Rectangles Trendlines Channels Price Labels Fibonacci Retracements Alerts

30 USD

Timezone Converter automatically converts the time on a chart to your local time and displays it for you . Choose between your mouse cursor or a vertical line to convert your broker's time and date to your local time. Instructions for Auto-loading A Preset File: This feature is useful if you don't want to keep the indicator running at all times, but you would still like to customize it and have those customizations apply when you add the indicator. Load up the indicator, go into the indicator

30 USD

Smart Watermark displays the symbol and timeframe while scaling and centering itself automatically. It also allows you to set a custom signature for sharing your charts with others. Parameters: Parameter Description Font The font type used to display the watermark Font Color The font color used to display the watermark Font Style The style of the font. Choose from None, Italics, Underline, or Strikethrough. Default is None. Font Weight The weight of the font. Options range from T

30 USD

Better Scroll enables and disables MT5's AutoScroll feature when you scroll, making the feature feel more intuitive and convenient. No longer will you have to manually enable and disable AutoScroll or have it take you to the end of the chart because you forgot to turn it off when you were backtesting or looking at historical price data. Summary AutoScroll is DISABLED when: Mouse Click+Drag left (past currently open candle) Mouse Wheel Scroll left (past currently open candle) Page Up Key press

30 USD

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Version 1.5 2022.04.18

Features:
* Added ability to disable resizing and control location of label upon alert

Quality of Life:
* Added 1 minute cooldown upon opening Metatrader and reconnection to broker

Version 1.4 2021.11.22

Fixed:
- issue that would return an incorrect value when checking if the market is open

Version 1.3 2019.04.27

- Fixed issue with Alert being triggered when the market is closed.

Version 1.2 2019.04.25

- Improved cooldown timer mechanism

Version 1.1 2018.12.05

Changed "Enable Alert" parameter to "Sound Alert"