Horizontal Line Alert MT5
- Göstergeler
- Sürüm: 3.4
- Etkinleştirmeler: 5
The indicator monitors a horizontal line and can generate alerts when a qualifying candle closes above, closes below, or touches the line. It also provides candle-size filtering and supports multiple alert delivery methods.
Key Features
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Automatic Horizontal Line Placement
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Automatically determines an initial line position based on recent price action.
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Supports Long and Short positioning.
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Select the number of historical bars used to determine the initial level.
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Price Interaction Alerts
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Bullish candle closed above the line.
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Bearish candle closed below the line.
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Bullish or bearish candle closed above/below the line.
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Bullish candle touched the line.
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Bearish candle touched the line.
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Bullish or bearish candle touched the line.
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Alerts can also be disabled.
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Candle Size Filter
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Full candle High-Low range.
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Candle Body range.
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Minimum candle size can be specified in pips.
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Price-Action Filtering
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Includes bullish and bearish candle confirmation.
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Detects hammer and inverted-hammer candle structures.
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Helps filter interactions that do not meet the selected candle conditions.
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Multi-Timeframe Support
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Monitor the current chart timeframe or select a specific timeframe independently of the chart.
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Multiple Alert Methods
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MT5 popup alert.
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Push notification to mobile.
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Email notification.
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Custom alert notes.
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Draggable Horizontal Level
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The horizontal line can be manually moved directly on the chart.
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The indicator preserves the line's manually adjusted price.
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How It Works
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Attach the indicator to a chart.
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Select the desired monitoring timeframe.
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Choose Long or Short initial positioning.
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Specify the number of bars used to calculate the initial level.
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Set the minimum candle size in pips.
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Select the desired alert condition.
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Optionally enable Push or Email notifications.
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Drag the horizontal line to any price level you want to monitor.
The indicator then continuously monitors price interaction with the selected horizontal level and generates an alert when the configured conditions are satisfied.
Alert Conditions
Price Closed Above
Alerts when a qualifying bullish candle closes above the horizontal line.
Price Closed Below
Alerts when a qualifying bearish candle closes below the horizontal line.
Price Closed Above/Below
Monitors both bullish breaks above and bearish breaks below the line.
Price Touched UP
Alerts when a qualifying bullish candle reaches or crosses upward through the line.
Price Touched Down
Alerts when a qualifying bearish candle reaches or crosses downward through the line.
Price Touched Line
Monitors both bullish and bearish touches.
Recommended Use
Horizontal Line Alert MT5 can be useful for monitoring:
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Support and resistance levels
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Breakout levels
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Previous highs and lows
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Entry levels
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Supply and demand zones
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Manually identified market structure
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Key psychological price levels
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Trade management levels
The indicator is designed as an alerting and monitoring tool and does not automatically open or close trades.
Disclaimer
This indicator provides technical alerts only and does not constitute financial or investment advice. Trading financial markets involves substantial risk. Always test the indicator on a demo account and use appropriate risk management.
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