Forex Best Envelopes Alert Indicator
Forex Best Envelopes Alert Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is moving-average envelopes and alerts. Its source code uses a price channel. It can send alerts. It has 10 settings, for example Al upper price over (default false), Alarm lower price below (default false) and Lookback Candles (default 150). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files 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 Forex Best Envelopes Alert Indicator
Forex Best Envelopes Alert Indicator is an indicator for MetaTrader 4 based on Channels & Envelopes. It can alert you with a pop-up, sound, email or push message. It has 10 settings, such as Al upper price over, Alarm lower price below and Lookback candles. MQL source code included.
Files in the download: ##BEST ENVELOPES ALERT 2.ex4, ##BEST ENVELOPES ALERT 2.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Al upper price over | false | |
| Alarm lower price below | false | |
| Lookback candles | 150 | |
| M aperiod | 50 | Period or timeframe used by the calculation |
| M amethod | 1 | |
| Applied price | 0 | |
| Deviation percent | 0.06 | |
| Alert candle | 0 | Turn this alert on or off |
| Chart alert | true | Turn this alert on or off |
| Email subject | Turn this alert on or off |
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 · MT4 Indicator · MQL4 Source Code