ROC Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when rate of change indicator crosses the zero line.
Rate Of change (ROC) indicator is a percentage value of price change at one candle compared to the price N candles ago.
Rate of change above zero indicates a price increase compared to the old value. Conversely, a ROC below zero means a price drop.
A higher or lower value of ROC can also be an indicator of the trend's momentum.
As a trader, you might find it useful to check ROC values of an instrument. In some cases, you might also want to include it in your strategy.
Through ROC Indicator you can:
This indicator allows you to receive alerts when ROC crosses the zero level. You can receive notifications via:
Another interesting feature of this ROC Alert indicator for MetaTrader is that it can draw buy and sell signals in the form of arrows when the zero line is crossed.
If you are interested in alert indicators, you can use the source code of the present ROC Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select ROC period to use and how to receive notifications.
➥ Download MQLTA MT4 ROC With Alert
To install MT4 ROC Alert Indicator, please follow the instructions below:
For more detailed instructions on how to perform the installation please visit this article.
ROC Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for ROC line crossing the zero level on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
You can download the indicator for free using the link below and install it by following the provided instructions.
➥ Download MQLTA MT5 ROC With Alert
To install the MT5 ROC Alert Indicator please follow the instructions below:
For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.