Recent High/Low Alert MetaTrader indicator — displays two bands of maximum and minimum levels across recent N candles. By default, the maximum band is displayed with a blue line; the minimum band is displayed with a yellow line. Additionally, it can play sound alert, invoke a popup alert and send an email alert when the current price (Bid) breaks recent High or Low level. All alerts can be turned off. If you use the email alert feature, do not forget to set the email settings in your MetaTrader platform's options window. The indicator is available for both MT4 and MT5.
This indicator can be used in a number of ways. Recent high or low level can be used as a kind of trailing stop-loss for exiting the positions. Such levels can also be used for entering new positions. Although it may not be strong as primary signals, the breach of the recent extreme level could be a confirmation of some other signal. Configurable notification options make it easier to react to those events.
Warning! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial.
Do you have any suggestions or questions regarding this indicator? You can always discuss Recent High/Low Alert with the other traders and MQL programmers on the indicators forums.