Envelope Alert
From the Old Kings archive: Envelope Alert, an indicator for MetaTrader 4. As the name suggests, the idea behind it is moving-average envelopes and alerts. In the code it works with moving averages and a price channel. It can send alerts. It has 6 settings, for example range (default 1), ma period (default 62) and ma shift (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Envelope Alert
Envelope Alert is an indicator for MetaTrader 4 based on Moving Average and Channels & Envelopes. It can alert you with a pop-up, sound, email or push message. It has 6 settings, such as Range, Ma period and Ma shift. MQL source code included.
Files in the download: envelope alert.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Range | 1 | |
| Ma period | 62 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | MODE_EMA | |
| Applied price | PRICE_CLOSE | |
| Deviation | 0.05 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Channels & Envelopes · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code