Hello guys!
This is new version of trend line alert indicator.
It have trend line dashboard that helps you to draw four types of trend lines ( highest price level, lowest price level, ascending lines, descending lines ) of every time frame
Every trend line have popup tool tip with time frame of the trend line just point your mouse cursor and the tool tip will appear
The indicator will alert you with sound, alert window, push smartphone notification, mail alert about touching any trend lines or horizontal lines on a chart with BUY/SELL signal, pair, timeframe, price info and arrow on a chart.
Since now this indicator have email alerts with chart screenshots of the setups it helps to check the market condition to validate money making opportunity without opening trading terminal.
Supported Features :
Projectreaper Connect – USER GUIDE
Projectreaer Trend OS Filters – USER GUIDE
Settings:
Two logic in there :
- Line breakout on current candle
- Previous candle penetrate and closed above/below a trend line
ClosedPricesLogic=false – first logic, true – second
change_to_neutral_color=true makes the triggered lines inactive with neutral_color setting (thanks Pavel for the idea)
Alert_PopupWindows :
Email alerts with chart screenshot:
enable Mail_Alerts parameter and fill the mail settings (you can find them in help page of your email service)
This email alert contains the signal information and screenshot of the chart where the signal was activated
Also in Files folder of your terminal you can find archive of all trading setups pics to analyze and share your trading methods with your trading team.
UPD 14.11.2017
Alexandre mailed me to add option which can disable on chart arrows drawing so:
Added new parameter Draw_Arrows – if turned to false the indicator will do not draw the signal arrows on a chart
Update 25.07.2018
At the request of the trader Sergey added two parameters
Buy_Sound_Alert and Sell_Sound_Alert identifying separately the names of the sound files that are played back when signals on buy and sell. Sound files are located in the terminal folder “Sounds”.
Update 09.02.2019
At the request trader Valentine Ghanem added one parameter CatchFakeys if enabled the indicator will catch fakey patterns where price just touch trendline but do not break this level and goes opposite direction.
Update 20.03.2019
Changed email alerts algorithm, added saving and sending chart screenshots.
Update 15.09.2019
At the suggestion trader Segrey K, added the SignalName parameter you can specify the name of the strategy, terminal, broker or any other comment that will be added to the alert text
Update 23.08.2020
Added trend lines drawing dashboard
PRO TIP :
You can get a signal from a combination of indicators.
Follow the link to learn how to combine two or more signal alert indicators together http://projectreaper.pw/en/how-to-combine-two-or-more-signal-alert-indicators-together/
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder
Good trading!
If you need help
Write down comment or use the feedback button
Thanks for this awesome indicator and for taking my advice and input in updating the indicator. I have another useful contribution.
Please can you add a chart sub window functionality to the trendline indicator?. This would be amazing. Trend lines drawn on subwindow chart indicators (especially oscilator) would send alerts. This would make this indicator supreme
Hi. I thought about that functionality, especially for this particular indicator, unfortunately by default mt4 can’t transfer indicator’s data and their settings between it’s indicator instances. There’s two ways to make it real 1- create custom indicators for all needed indicators to use it in sub window, and 2- I like it more, we using this implementation in xentrader custom indicator automation, just add two parameters with indicators file name and parameters to catch it’s values from buffers. At the moment I programming copy trader backend server, after that definitely I will make this indicator update.
i can see d trendline on d chart
This is alert indicator which working with manually drawn trendlines by yourself, it doesn’t draw any lines automatically.
Hi MQLDev this indicator is awesome, thanks very much for sharing it, much appreciated!
It’s basically a set and forget indicator, you’ll receive an alert when price touches or breaks a trendline.
Maybe I’m no in a position to make a request however I’m suggesting an edit anyway.
Would it be possible to set a pip range. Meaning if price is in xxx amount (pip amount away from trendline set by trader) of pips away from trendline, it alerts so you can watch what is going to happen, whether or not trendline is about to be touched or broken.
This would be the ultimate trendline alert indicator for me!
Keep up the good work,
best regards,
Patrick
Hi, Patrick.
Well I can’t clearly understand the scenario of usage that algorithm.
Let’s say you have five trendlines on a chart so you placed it on local highs and lows sup/res levels and waiting for continuation of the trend or trend breakout. What do you need from the algorithm? Do you need to stay with attention to the price action after trendline breakout or before it?
Why I asking. I really do some complicated stuff and many traders asking me to make some simple tools. Also after launching our new project here http://xentrader.online/ I want to add to the email indicator alerts screenshots of the charts to visualize the price action.
Also do not forget I have made this indicator http://projectreaper.pw/en/price-changing-alert-indicator/ basically it can alert your how many pips the price had moved between pip range set by you. Maybe this is exactly what you need.
Тhe indicator reacts in the same way regardless of which logical condition I have set.
I didn’t seen your settings. Probably you have set All signals, read carefully the settings description on the page.
Sorry, maybe I’m wrong.
I need alert when price break out trend line and bar closed behind the line. For me this mean breakout is valid If price break line but the current bar is not closed behind line I don’t need alert. Because sometimes break out can fail. So I think Closed Prices Logic should be false (Previous candle penetrate and closed above/below a trend line). Other settings: change to neutral-false, Draw Arrows-false.
If my explanations are hard to understand, maybe the reason is in me. And for this I can send а email with screen shots with the situation for more clarity. Thank you for understanding!
I see, actually you need to set ClosedPricesLogic parameter to true to avoid false breakouts.
Thank you!
If you like my idea you can add Volume and Bill Willams’s Market Facilitation Index. If we have line breakout with green/lime MFI (MFI up, Vol up) or only rising Volume then indicator send alert.
Just apply volumes on a chart with trendlines alerter to do additional analysis. You can draw trendlines and horizontal lines on different timeframes this indicator working with price only. Not every alert should be entry point you should keep trend direction for better risk reward ratio in trades. Now I’m in hospital and can’t write extra code in there but I think simple tools are better for manual trading.
Ok. I wish feeling better as soon as possible. I will call you later to discussing what I need at what cost.
Thank you, mate. Yes I will no doubt.
This indicator is all that i need in trading…thank you very much
Thanks, for your feedback, mate.
Very good indicator, it helps a lot in the day to day, he that informs me the entrances and exits. I asked for a change and the same MQLdev did in time. I just have to thank.
Thanks, buddy.
This is the reason why I sharing my stuff. Good trading to you!
Скачал индикатор, но ничего не происходит. Настройки, как на сайте.
Этот индикатор отсылает уведомления при пробое ценой трендовых и горизонтальных линий на графике, если нет этих линий на графике, то уведомлений и не должно быть.
I TRIED TO INSTALL IT BUT IT DOESNT APPEAR ON MY MT4
Hi Patrick!
This alert indicator is working with manually placed trend lines or horizontal lines.
Make sure you’re installed this indi correct in your indicators folder of your mt4 terminal. And make sure you’re using latest version of the terminal. If you have a problem with installation of the indicator you can contact me via mail mqldev@projectreaper.pw with screenshot. I’ll try to help you to solve the problem.
If you using old version of this indicator download it and replace by new version.
Thank you bro! Good stuff!
Just keep taking money from market. That’s why we here. Good trades for you guys!
Exactly what I searching for. Thank you dear!
Cool for price action breakouts strategies! ????