Alpha Trend Spotter Price Action – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Real author: Andy Ismail

    Semaphore signal indicator based on the price action strategy looking for the strongest intraday trend, which can notify about trend change by generating an alert, sending an email or a push notification to a mobile device.

    //+----------------------------------------------+
    //| Indicator input parameters                   |
    //+----------------------------------------------+
    input int iPeriod=3;
    input uint NumberofBar=1;    //Bar number to generate a signal
    input bool SoundON=true;     //Enable alert
    input uint NumberofAlerts=2; //Number of alerts
    input bool EMailON=false;    //Enable notification about signal by an email
    input bool PushON=false;     //Enable notification about signal by push
    

    This indicator was first implemented in MQL4 and was published in CodeBase on 04.01.2016.

    Fig1. The Alpha Trend Spotter Price_Action indicator

    Fig1. The Alpha Trend Spotter Price_Action indicator

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window