Hey there, fellow traders! Today, I want to dive into a powerful tool that can really enhance your trading experience: the Level Indicator for MetaTrader 5. This nifty indicator can help you stay on top of market movements by sending you alerts when key levels are crossed.
How It Works
The Level Indicator operates based on a specific level, known as trigLv, which you can set in the indicator’s settings. When the price breaks through this level, and if you have notifications turned on, you’ll receive a push notification straight to your mobile device. Plus, if you enable alerts, you’ll hear a sound alert as well!
To keep things clear, the trigLv and the associated deviation limits are marked with horizontal lines on your chart. You can customize the style, color, and thickness of these lines in the settings. This flexibility allows you to use multiple instances of the indicator on the same chart, each highlighting different levels and providing you with alerts based on their intersections.
Key Features
- One-time Trigger: The trigLv level only triggers once per bar, which helps to avoid unnecessary alerts on every tick.
- Customizable Alerts: Tailor your alerts and notifications to fit your trading style.
- Visual Cues: Easily distinguish between active and inactive levels with customizable colors and styles.
Here’s a sneak peek at what the Level Indicator code looks like:
//+------------------------------------------------------------------+ //| Level Indicator.mq5 | //| Copyright 2022, © Cyberdev | //+------------------------------------------------------------------+ #property copyright "Copyright 2022, © Cyberdev" #property link "https://www.mql5.com/en/users/cyberdev/seller" #property version "1.00" #property indicator_chart_window input bool alert = true; // use alert input bool notification = true; // use push notifications input double trigLv = 0.0; // actuation level input int deviation = 30; // deviation from trigLv in points
So, if you're looking to add a reliable tool to your trading arsenal, give the Level Indicator a shot. It can help you stay alert to market movements and make more informed trading decisions. Happy trading!
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