LevelAlert Pro
- Indicators
- Version: 12.0
- Activations: 5
LevelAlert Pro
A precision signal and level alert indicator for MetaTrader 5. Designed for short term traders who want clear entries with structured stop loss and multiple take profit targets.
RECOMMENDED TIMEFRAME
M15 (15 minutes) is the recommended timeframe for this indicator. It works on all timeframes but M15 provides the best balance between signal frequency and signal quality. The indicator can also be used on M5 for more frequent signals or on H1 and H4 for swing style trading.
OVERVIEW
LevelAlert Pro combines volume comparison, price action confirmation, and volatility based risk management into one visual tool. It prints buy and sell arrows on the chart along with automatic stop loss and multiple take profit levels.
The indicator focuses on confirmed price movements. It filters out weak candles and low volatility conditions. Every signal comes with clearly defined risk and reward levels so the trader knows exactly where to enter, where to place stop loss, and where to take profit.
KEY FEATURES
Buy Signal Logic
Buy signals are generated using a combination of moving average direction, volume comparison over a configurable number of recent candles, and candle body strength. Only green candles are considered for buy entries to confirm bullish momentum. Additional filters check candle speed relative to average range and minimum volatility conditions.
Sell Signal Logic
Sell signals use a unique two step approach. First the market must travel a configurable distance upward within the last ten candles. Second a strong bearish candle must form to confirm the reversal. This filters out weak pullbacks and focuses on high probability reversal zones after an extended upward move.
Volatility Based Stop Loss
Stop loss distance is automatically calculated using the Average True Range. When volatility is high the stop loss widens to avoid premature exits. When volatility is low the stop loss tightens to keep risk small. Minimum and maximum stop loss limits can be configured by the user according to the instrument being traded.
Multiple Take Profit Levels
The indicator supports four reward targets based on the selected risk to reward ratio. Users can display a single target such as one to two or one to three, or show all four levels at once including one to one, one to two, one to three and one to four. Each level has its own color for easy identification on the chart.
Smart Line Management
Stop loss and take profit lines start two candles before the signal and extend forward for a user defined number of bars. Lines stop automatically when the price reaches the stop loss or any active take profit level. This keeps the chart clean and readable at all times.
Active Trade Protection
An optional feature blocks new signals while a trade is still active. Once the stop loss or a take profit level is reached the indicator resets and allows the next signal. This helps prevent overtrading and signal stacking during a running trade.
Arrow Precision
Buy and sell arrows are positioned so that the arrow tip aligns exactly with the intended entry price. This provides a clear visual reference for order placement without guessing the exact entry level.
Level Alerts
The indicator includes alert capability for new signals. When a buy or sell signal is generated an alert can be triggered. This helps traders stay informed even when not watching the chart continuously.
Customizable Appearance
All lines, arrows, and text labels can be customized. Each take profit level has its own color setting. Price labels can be enabled or disabled. Line style and width can be adjusted to match personal preference.
INPUT PARAMETERS
Core Settings
SMA period for buy logic
Arrow offset from entry price in points
Display Options
Show or hide buy signals
Show or hide sell signals
Buy and sell arrow colors
Debug information toggle
Sell Logic
Minimum upward movement in points
Number of candles to track
Strong bearish body multiplier
Average body calculation period
Buy Filters
Enable or disable body size filter
Minimum body size in points
Enable or disable speed filter
Minimum speed multiplier
Enable or disable swing volatility filter
Minimum ATR multiplier
Enable or disable green candle requirement
Stop Loss and Take Profit
Enable or disable SL TP display
Risk to reward mode selection
Show all levels option
ATR period for stop loss
ATR multiplier for stop loss
Minimum and maximum stop loss in points
Stop loss line color
Line style and width
Label visibility
Line Extension
Maximum bars to extend lines
Active Trade Control
Block new signals until SL or TP is hit
Take Profit Colors
Individual color for each take profit level
HOW TO USE
1. Attach the indicator to an M15 chart on your preferred instrument.
2. Adjust the sell logic upward movement value to match your instrument. For gold a value such as twenty thousand points may be suitable. For forex adjust according to pip movement.
3. Set the minimum body size filter according to your instrument volatility.
4. Choose a risk to reward mode. Enable the show all levels option if you want to see all four reward targets.
5. Enable active trade protection if you prefer one trade at a time.
6. Wait for a signal arrow. The arrow tip marks the exact entry price. Place stop loss and take profit at the drawn levels.
7. The indicator automatically manages line visibility as price reaches targets.
8. Enable alerts to receive notification when a new signal appears.
RECOMMENDED SETTINGS
Gold on M15
SMA period thirteen
Minimum body size five hundred points
Upward movement twenty thousand points
ATR multiplier one point five
Risk to reward mode one to two
Forex majors on M15
SMA period thirteen
Minimum body size two hundred points
Upward movement twenty thousand points
ATR multiplier one point five
Risk to reward mode one to two
Indices on M15
SMA period thirteen
Minimum body size five hundred points
Upward movement twenty thousand points
ATR multiplier one point five
Risk to reward mode one to two
Crypto on M15
SMA period thirteen
Minimum body size one thousand points
Upward movement twenty thousand points
ATR multiplier two point zero
Risk to reward mode one to two
IMPORTANT NOTES
This indicator is a technical analysis tool. It does not guarantee profits. Trading involves substantial risk of loss. Past performance does not indicate future results.
Always use proper risk management. Never risk more than you can afford to lose.
The indicator provides visual signals and levels. Order execution is the responsibility of the trader.
Results depend on market conditions, timeframe, instrument, and user settings. Test on a demo account before using on a live account.
Alert functionality requires the MetaTrader 5 terminal to be running and connected to the internet.
TECHNICAL DETAILS
Platform: MetaTrader 5
Type: Custom Indicator
Chart Window: Main chart
Buffers: Six
Plots: Two arrows
Objects: Trend lines and text labels for SL and TP
Recommended Timeframe: M15
VERSION HISTORY
Version 1.0
Initial release with buy and sell signals
Volatility based stop loss
Multiple take profit levels with individual colors
Smart line management with hit detection
Arrow tip aligned with entry price
Active trade protection
Alert on new signal
SUPPORT
For questions or setup help please use the product comments section. Feedback and suggestions are welcome.
Thank you for using LevelAlert Pro.
