My BO Ls Alert
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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. 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.
