Indicators

Zone Alert

Zone Alert reduces the time a trader needs to be in front of the screen waiting for a price to reach a specified level, a price range or even a price range within a time window.

Zone Alert generates alerts when price reaches a specified zone that is defined by a bottom price, a top price, and initial time and a final time. It detects when a price enters a zone, is completely within a zone, exits a zone, or crosses the zone. Alerts can be generated by mail or in a pop up in the terminal.

The indicator also can change the color of a rectangle that represents a zone depending on whether the price is above, below, within or outside the zone. 

INPUTS

The following are inputs available in the application:

General Parameters:

  • Scan timeframe (15 minutes): Set the timeframe scanned by the indicator
  • Value used to test conditions (Close price): Set the value of each bar used by the indicator

Color Alerts:

  • Color when price is (into/out of/above/below) the zone (LimeGreen/Crimson/ DodgerBlue/MidnightBlue): Set the color of the rectangle for each condition

Event Flags:

  • Bar or candle (enters/is into/gets out of/crosses) the zone (true/true/true/true): Set the conditions for which events are flagged

Alert Flags:

  • Send alerts by mail (true): If yes, alerts are sent by mail
  • Alert on terminal popup window (true): If yes, alerts appear on the terminal popup window
  • Max alert messages (2): Set the maximum number of alert messages
Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

This Indicator is only compatible with FXCM MetaTrader 4 software. Additionally, an FXCM account is required (including free FXCM demo accounts).