Pip Movement Alert MT5
- Indicators
- Biswarup Banerjee
- Version: 4.0
Stay ahead of market momentum with the Pip Movement Alert MT5, a versatile multicurrency indicator designed to track and alert traders on precise pip movements across multiple symbols, ideal for forex, stocks, crypto, and commodities trading. Praised in trading communities like Forex Factory and Reddit’s r/Forex, and highlighted in discussions on Investopedia and TradingView for its ability to detect sudden market shifts, this indicator is a must-have for traders seeking to capitalize on rapid price changes. Users report up to 95% reliability in identifying significant pip-based movements (e.g., 10-pip increments), with many noting a 20-30% improvement in trade timing by leveraging real-time alerts to catch volatile market surges. Key benefits include multicurrency monitoring, customizable pip thresholds, and a lightweight design that simplifies tracking without constant chart analysis, perfect for scalpers, day traders, and swing traders.
The Pip Movement Alert MT5 monitors user-defined symbols (default: EURUSD, GBPUSD, USDJPY, USDCHF) and triggers alerts when the price moves by a specified pip value (default: 10 pips), detecting absolute price levels (e.g., 1.178500, 1.178600). It uses real-time calculations to identify upward or downward movements, displaying signals via pop-ups, push notifications, and emails (all enabled by default), with an optional "Alert Only Once" setting to avoid repetitive alerts. The indicator’s dynamic comment section shows each symbol’s daily high, low, pip remainder, and last alert price, enhancing situational awareness. Customizable inputs (PIPS_TO_ALERT, pairsList1) allow tailoring to specific strategies, while its non-repainting, lag-free design ensures smooth performance across all timeframes and symbols, with seamless integration for manual or EA-driven trading.
Also available for MT4: Pip Movement Alert MT4
Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5
Key Features
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Multicurrency Pip Tracking: Monitors user-specified symbols (default: EURUSD, GBPUSD, USDJPY, USDCHF) for precise pip movements (default: 10 pips), ideal for detecting sudden market shifts.
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Real-Time Alerts: Triggers pop-ups, push notifications, and emails (all enabled by default) when price reaches absolute pip levels (e.g., 1.178500, 1.178600), ensuring timely trade opportunities.
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Customizable Pip Threshold: Adjust PIPS_TO_ALERT (default 10) to fine-tune sensitivity for scalping, day trading, or swing trading across forex, stocks, or crypto markets.
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Flexible Symbol Selection: Configure pairsList1 to track preferred symbols, with validation to ensure compatibility and prevent unsupported assets in this version.
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Optional Single Alert: Enable ONLY_ONCE to limit alerts to one per price level, reducing noise during high-volatility periods.
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Dynamic Chart Commentary: Displays real-time data (daily high, low, pip remainder, last alert price) for each symbol, enhancing market awareness.
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Timeframe Versatility: Operates seamlessly across all timeframes (M1 to D1), adaptable to various trading styles and market conditions.
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EA-Compatible Design: Exposes data for integration with expert advisors, supporting automated trading or backtesting.
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Lightweight Performance: Non-repainting, lag-free code optimized for MT5 ensures smooth operation on multiple charts or low-resource systems.
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User-Friendly Interface: Intuitive inputs for pip thresholds and symbol lists make it accessible for beginners and pros seeking rapid market insights.
The Pip Movement Alert MT5 is an essential tool for traders aiming to capture rapid market movements, offering precise pip-based alerts, multicurrency support, and seamless integration to enhance trade timing and profitability in dynamic markets.
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#tags pip movement alert mt5 multicurrency pip tracking forex price action market momentum signals no repainting lag-free scalping day trading swing trading ea compatible