The Moving Average / Price Proximity alert system is a highly configurable MT4 indicator which incorporates a fully automated alert system for monitoring a trader defined moving average in relation to price action.

• Automatically receive alerts when price action touches or crosses over a trader defined moving average
• Push alert capability
• Email alert options
• On screen pop up options
• Configurable alert module

Precision alert Controls

Traders can control:

• The minimum time between alerts in seconds
• The maximum number of alerts they want to receive
• When the alert counter is reset
  

External Parameter List

• Enable alert System - enable/disable the alert system at a generic level
• Enable Push alerts - if enabled, the system will send push alerts to devices configured in MT4 for receiving push notifications
• Enable MT4 On-screen pop-up alerts - define the period for the fast period moving average
• Enable Email alerts - define the period for the slow period moving average
• Price/MA Proximity alert Sound - define the calculation method for both moving averages. Options are: Simple, Exponential, Smoothed and Linear Weighted
• Maximum Number of alerts - define the maximum number of alerts allowed within the alert window. The alert window is controlled by the 'Minimum Time Between each alert in seconds' parameter below.
• Minimum Time Between each alert in seconds - set the minimum time interval between successive alerts
• Reset alert Counter after (x) minutes - allow the trade to reset the alert counter after a defined number of minutes
• Type of Proximity alert - there are two types of alert - 'Printed' where price action has physically crossed over the moving average when the last bar closed and 'Touch' where price action has momentarily touched the moving average
• Moving Average Period - allow the trader to control the moving average period
• Moving Average Shift - allow the trader to shift the moving average by X bars - we do not recommend using this as moving averages are already lagging indicators and it serves no purpose using negative shift values to try and get an earlier signal. Just use a shorter MA Period
• Moving Average calculation method - define the calculation method for the moving average. Options are: Simple, Exponential, Smoothed and Linear Weighted
• Moving Average Applied Price - define the applied price for the moving average calculation. Options are: Close, Open, High, Low, Median, Typical and Weighted
• Suppress Information alerts - if enabled, the system produces no alert when the alert counter is reset

Installation Guide

To install:

• Copy the ex4 file into your metaTrader 4 Indicators folder
• Open the MT4 Navigator (Use Control and 'N' Keys)
• Right click on any indicator in the Navigator folder and select 'Refresh' from the drop-down menu.
• The 'Moving Average Price Proximity Aler' indicator will now be displayed in the MT4 Navigator window in the Indicators folder.
• Simply drag the indicator onto your chart and you are good to go!