The FX AlgoTrader Trendline Alert indicator for Metatrader MT4 provides traders with a fully configurable trendline alert or price/trendline proximity alert system. The trendline alert indicator is a non-trading version of the FX AlgoTrader automated trendline trading systems (Iridium,Gold and Platinum).The trendline alert system provides traders using MT4 charts with trader defined alerts which can incorporate sonic alerts, pop up notifications or email alerts when price action is within a specified proximity (or pip threshold) of any trendline the trader wishes to monitor.
The Trendline Alert indicator for MetaTrader MT4 can be configured to scan for generic trendlines or for trendlines which the trader has specifically defined as uptrends or downtrends.
In the screenshot below the trader has drawn two trendlines and then set the system to run in 'Generic Trendline Detection' mode. This means the indicator will alert the trader when price comes within a specified threshold (pip range) of ANY trendline drawn on the chart. So using generic trendline detection allows the traders to monitor multiple trendlines on the same chart which may have been drawn on lower timeframes... Essentially, generic trendline detection allows the trader to monitor price proximity to multiple trends simultaneously from the same chart.
Full range of alerts options covering Email, On screen popup, Push Notifications and Email
Graphical Channel Based Alert Thresholds
Unique Java FX graphical user interface for rapid configuration and deployment in MT4
Ability to create unique alert options for each individual trendline
Break Alert Options for instant break and 'Break Close'
Fully configurable alert system with maximum alert and minimum interval control
GBPJPY with instant break alert set up - alert will be triggered when price action momentarily break above the trendline
NZDJPY H1 chart with triangle based channel with 5 pip thresholds around trendlines
Using a flat trendline as a horizontal support line to monitor for trendline breaks (note: 'break close' ie price action must close below the trendline)
Using multiple trendline to monitor support and resistance levels - trigger zones are highlighted
Overlaying a Fibonacci series and setting twin channel trigger zones around 61%,50%,38.2%,23.6% and 0% fib levels.
Receive alerts when price action is within a defined proximity or breaks through a trendline
Ultra fast strategy configuration and deployment using a unique, plain English Java interface
The flexibility to create MULTIPLE, independent alert configurations for EACH trendline (including unique alert sounds)
Control multiple MT4 Accounts from the same interface!
No license management limitations - run on unlimited MT4 accounts
For trader looking to automate trading based on price action and trendlines we have a range of automated trendline trading tools which are:-
Trendline Trader 1, Trendline Trader 2 and the flagship product - Trendline Trader Pro
The products on this site are trading tools and are not intended to replace individual research or licensed investment advice. Past performance does not guarantee future results. Trading currencies, indices or commodities involves substantial risk, and there is always the potential for loss. No representation is being made that these products will guarantee profits or not result in losses from trading. Any explanation or demonstration of the product's operation should not be construed as a trade recommendation or the provision of investment advice. The purchase or sale of a currency can only be performed by a licensed Broker/Dealer.