Moving Average Price Proximity Alert

4

The Moving Average / Price Proximity Alert system is a highly configurable MT4 indicator which incorporates a fully automated alert system for monitoring a trader defined moving average in relation to price action.

  • Automatically receive alerts when price action touches or crosses over a trader defined moving average
  • Push alert capability
  • Email alert options
  • On screen pop up options
  • Configurable alert module


Precision Alert Controls

Traders can control:

  • The minimum time between alerts in seconds
  • The maximum number of alerts they want to receive
  • When the alert counter is reset


External Parameter List

  • Enable Alert System - enable/disable the alert system at a generic level
  • Enable Push Alerts - if enabled, the system will send push alerts to devices configured in MT4 for receiving push notifications
  • Enable MT4 On-screen pop-up alerts - define the period for the fast period moving average
  • Enable Email Alerts - define the period for the slow period moving average
  • Price/MA Proximity Alert Sound - define the calculation method for both moving averages. Options are: Simple, Exponential, Smoothed and Linear Weighted
  • Maximum Number of Alerts - define the maximum number of alerts allowed within the alert window. The alert window is controlled by the 'Minimum Time Between each alert in seconds' parameter below.
  • Minimum Time Between each alert in seconds - set the minimum time interval between successive alerts
  • Reset Alert Counter after (x) minutes - allow the trade to reset the alert counter after a defined number of minutes
  • Type of Proximity Alert - there are two types of alert - 'Printed' where price action has physically crossed over the moving average when the last bar closed and 'Touch' where price action has momentarily touched the moving average
  • Moving Average Period - allow the trader to control the moving average period
  • Moving Average Shift - allow the trader to shift the moving average by X bars - we do not recommend using this as moving averages are already lagging indicators and it serves no purpose using negative shift values to try and get an earlier signal. Just use a shorter MA Period
  • Moving Average calculation method - define the calculation method for the moving average. Options are: Simple, Exponential, Smoothed and Linear Weighted
  • Moving Average Applied Price - define the applied price for the moving average calculation. Options are: Close, Open, High, Low, Median, Typical and Weighted
  • Suppress Information Alerts - if enabled, the system produces no alert when the alert counter is reset


Installation Guide

To install:

  • Copy the ex4 file into your MetaTrader 4 Indicators folder
  • Open the MT4 Navigator (Use Control and 'N' Keys)
  • Right click on any indicator in the Navigator folder and select 'Refresh' from the drop-down menu.
  • The 'Moving Average Price Proximity Aler' indicator will now be displayed in the MT4 Navigator window in the Indicators folder.
  • Simply drag the indicator onto your chart and you are good to go!
Reviews 2
jbmann49
19
jbmann49 2021.02.12 11:27 
 

Works pretty much as shown except I can not change the sound alert in the indicator. I've tried numerous times to no avail. The only sound I'm getting is the alert bells . It's the 1st sound in mt4 file and can not be changed as far I can tell so far. Anyone can help with this issue I would appreciate it. My email jbmann49@hotmail.com Thanks

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Unlock powerful breakout opportunities The 123 Pattern is one of the most popular, powerful and flexible chart patterns. The pattern is made up of three price points: a bottom, a peak or valley, and a Fibonacci retracement between 38.2% and 71.8%. A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ]
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Indicators
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Indicators
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jbmann49
19
jbmann49 2021.02.12 11:27 
 

Works pretty much as shown except I can not change the sound alert in the indicator. I've tried numerous times to no avail. The only sound I'm getting is the alert bells . It's the 1st sound in mt4 file and can not be changed as far I can tell so far. Anyone can help with this issue I would appreciate it. My email jbmann49@hotmail.com Thanks

pnutfx503
1529
pnutfx503 2017.10.05 11:53 
 

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