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As a couple of years before, many traders use one or more Technical Indicators. Some strategies consider indicator values on several timeframes simultaneously. The first choice is, in my opinion, the most proper. But it demands either programming skills or money to pay for realization. The second way is very time consuming, tiring, and inefficient.
The third choice is a cross between the former two ways. One needs much fewer skills and less time to implement it, but it can really better the lot of the user trading manually. It is the implementation of the third choice that the article is devoted to. After having read it, every trader will be able to add convenient alerts into indicators. There are many ways to interpret indicators.
People can differently understand the meaning of even MetaTrader 4 Client Terminal indicators, not to say about various custom indicators Somebody buys when the main line of MACD touches the signal line, another trader waits until it intersects the zero line, and somebody opens a long position when MACD is below 0 and starts moving up. I don't feel myself able to count all possible interpreting variations, so I will just describe the principles of how an alerting block can be added into an indicator.
Then you will be able to add any kind of alerts into practically all indicators according to your taste. There are probably some other interpretations that are forgotten or even not known to me, so we will describe the five ones listed above.
Function SendFTP will hardly be demanded by a regular user, function MessageBox does not suit for being used in an indicator since it stops its operation until the message box is closed, function SendMail , though it is good for sending SMS, is rather "dangerous" in use - having drawn a number of indicators in a chart, you will provide yourselves with an endless and uncontrolled stream of messages. The function may be used, but it would be better to use if from an EA, for instance, by sending a message when an alert occurs on several indicators simultaneously, paying much attention to it.
In this article, we will consider only audio and visual ways of alerting in the MetaTrader 4 Client Terminal. One of the most convenient and the simplest of them is function Alert since it contains both text and sound. Besides, the terminal stores the Alerts history, so it is possible to see what signal came an hour ago.
But tastes differ, it's a common knowledge. If you have ever used alerts in indicators, you certainly had to deal with their overfrequency, especially on smaller timeframes. There are some ways to solve this problem:. Now, when we know where the necessary data are stored, we can start realization of the alerting block. For this, let's go to the very end of function start - just above the preceding operator return:. Then mark that the last alert was for BUY and display the informing message.
Note the three commented lines - these are three more alert variations. You can decomment or delete any or all of them. I left Alert by default as the most convenient one. In function PlaySound, it can be specified what wave file should be played. For example, a special sound can be assigned to the BUY alert, another - for the SELL alert, or there can be different sounds for different indicators, etc.
The SELL alert is absolutely the same:. Now, when we have known the indicator code, it will be much easier for us to write other alerting blocks. Only the "formula" will be changed, the rest of the code will be just copied and pasted. Alert that signals about touching a certain level is very similar to that of intersection of lines. I added it to Stochastic, but you can make a similar one for any other indicator:. The third kind of alert is alert informing about the changed direction of movement.
We will consider it on the example of AC. Note that five buffers are used in this indicator:. The last alert informs about appearance of an arrow in the chart. It appears rather rarely in standard indicators, but it is rather popular in custom "pivot finders".
On all other bars their buffers are empty. It means, you only need to compare the buffer value to zero in order to determine the signal:. The article gives a description of various methods used to add sound alerts into indicators. Such terms as alert interpreting method type of alert , way of alerting and alert frequency filter are defined. The following types of alerts are defined and realized:. I used five indicators that correspond with five types of alerts to study their alerting blocks.
You can download the resulting indicators - they are attached to the article. I hope you can see that there is nothing complicated in adding an alerting block into indicators - everyone can do this. I have minor coding experience, this indicator always beep per tick, can you help me to fix it?
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