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Moving Average Price Proximity Alert

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!
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