my bo ls alert
Info
The my bo ls alert is a Indicator for MetaTrader 5 that arrow displays can be set in the indicator too when the price touches or passes the upper/lower band. these are just a simple codes added on a working indicator to meet the objective.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use my bo ls alert
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
arrow displays can be set in the indicator too when the price touches or passes the upper/lower band.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: SMC Order Block Detector with Alert for MT5 - another powerful indicator for MetaTrader 5 traders.
arrow displays can be set in the indicator too when the price touches or passes the upper/lower band.
Also recommended: Spread Monitor Panel: Live Spread and Spike Alerts - similar indicator with strong performance on MetaTrader 5.
these are just a simple codes added on a working indicator to meet the objective. i'm not a professional programmer, but a hobbyist, and this is one of my beginner's programming in mql5. someone was asking for the same, so i thought i share this for those who might be interested out there for learning purposes.recommendations:
a text instruction for smtp setup is included in the attached zip file, along with two wav sound file that you can use for this indicator.
make sure the wav files in use are placed in the default metatrader 5 sound folder (usually located at c:/program files/<your_mt5_folder>/sounds).
you can change the wav files on the source and compile it new, or just simply rename the wav file you want to use with the name being used in the code.
if arrow display is enabled: minimize bol's deviation value for better use of the indicator.
You may also like: Swap Meter - Live Swap Rates Monitor with Alerts - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#include <movingaverages.mqh>
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_plots 5
#property indicator_type1 draw_line
#property indicator_color1 lightseagreen.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.