Volume Level Alerts MT5
- Indicatori
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Part-time Day Trader
I build practical MT4 and MT5 tools designed to reduce screen time, remove doubt, and make consistent trade execution easier.
Because consistency is what allows a strategy’s edge to play out—and without consistent execution, no strategy works. Period. - Versione: 1.0
- Attivazioni: 8
Get fresh volume based key levels every day or week and get instantly alerted when price reaches them.
Volume Level Alerts identifies potential support and resistance levels from local volume peaks within a Volume Profile and automatically sends an alert when price reaches a marked level.
These levels represent prices where relatively high trading activity occurred during the selected profile period. When price revisits one of these areas, a reaction may occur, making the level a useful location for a potential reversal setup.
How Volume Level Alerts Works
Volume Level Alerts builds one combined Volume Profile from a selected number of consecutive completed days or weeks.
The profile is displayed as a heatmap, making areas of relatively high and low trading activity easy to recognize.
Within the profile, the indicator searches for local volume peaks. Qualifying peaks are converted into key price levels where trading activity was concentrated and where price may react when revisited.
Active alert levels are displayed with price labels. When price reaches one of these levels, an alert is triggered automatically.
Triggered levels remain visible on the chart, making previous price reactions easy to review.
Calculated levels do not repaint and remain anchored to their original prices when changing chart timeframes.
Built for Traders Who Want To
- Trade a structured and mechanical approach around potential reversal levels.
- Reduce screen time and receive alerts only when price reaches an area of interest.
- Apply the same repeatable process to scalping, intraday trading, and swing trading.
- Receive alerts automatically while keeping full manual control over entries.
Key Benefits
Alerts When Price Reaches a Level
Active levels are monitored automatically, making the tool ideal for traders managing other activities alongside trading.
Adjustable Number of Levels
Select fewer, balanced, or more levels, and adjust the profile range to better suit scalping, day trading, or swing trading.
Non Repainting Levels
Calculated levels remain anchored to their original prices and stay consistent when switching chart timeframes.
How to Use Volume Level Alerts for Market Entry
A marked level is an area of interest, not an automatic entry signal.
Price will not reverse from every volume level. Waiting for reversal confirmation before entering can therefore provide a more selective approach.
A simple workflow:
- Wait for a Volume Level Alert.
- Look for reversal confirmation around the level
- Enter only when the selected confirmation criteria are satisfied.
Confirmation can include a candle closing back through the level in the expected reversal direction, a lower timeframe moving average crossover, or a Stochastic or RSI reversal from an overbought or oversold area.
The objective is to combine the location provided by Volume Level Alerts with a separate entry trigger.
For a structured price action confirmation method, the Bar Break Alerter indicator is designed to help identify reversal confirmation after a Volume Level Alert has been triggered.
Free Demo In Strategy Tester
Download the free demo and test Volume Level Alerts in the Strategy Tester. Alerts are disabled in the Strategy Tester.
Get In Touch
Feedback Is Welcome
Suggestions, comments, and bug reports are always welcome. Feedback helps improve existing tools and guide future development.
