Forex indicator price and trend alerts - MetaTrader 4 script | MT4/MT5 download - MetaTrader 5 resources

The indicator will write the degree of value of the latest position of the price within the current time frame and will sound an alert when the position and conditions of the trend state change.

The price indicator is not a directional indicator for buy or sell orders, but rather measures the position, direction and conditions of trend status based on the current trading time frame.

If the degree theory is applied to the Forex chart trading terminal, then price positions can be divided into 4 degree ranges:

The indicator will write the degree of value of the latest position of the price within the current time frame and will sound an alert when the position and conditions of the trend state change.

Color indicator description:

To make it easier to see trends within the current chart timeframe, I used the PriceDegrees indicator with the template "price Degrees_template".

Attachment download

📎 7xrpricedegress_tempale.tpl (3.03 KB)

📎 pricedegrees.mq4 (17.09 KB)

Source: MQL5 #11510