Volatility And Forex Spread Alarm Indicator For MT5

The Volatility And Forex Spread Alarm indicator for Metatrader 5 is an interesting tool that will send pips alerts when it matches a preset value.

You can adjust the pip value in the indicator’s inputs section (pips to alarm value).

The following indicator inputs and parameters can be modified: candle time frame, mode, pips to alarm, text color, text color when alarm, enable alert, enable notification, enable sound, sounds file.

Make yourself familiar with this technical indicator and test it first on a demo account.

It supports all time frames and Forex pairs.

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Volatilty Alarm.mq5 Indicator (MT5)

Chart Example

The following chart shows how the Volatility And Forex Spread Alarm indicator looks like when applied to the MT5 chart.

How To Buy And Sell Forex Pairs With The Volatility And Forex Spread Alarm Indicator?

The indicator does not provide any trading signals.

Please combine with other technical indicators or with an existing trading strategy of your preference.

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Volatilty Alarm.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the Volatilty Alarm.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration