ATM_TLineAudioFallingAlert
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This tool is designed to act as an automated monitoring system for your trading charts, specifically providing real-time audio notifications based on price action relative to a specific trend line.
Core Functionality
The script automatically draws and maintains a visual trend line on your chart. This line serves as a dynamic boundary that the system uses to track current market movements. By identifying this specific price level, the tool allows you to monitor potential "breakout" or "retest" points without having to watch the screen constantly.
How It Works
The logic follows a straightforward sequence to keep you informed of market activity:
- Visual Setup: The script creates a trend line based on specific historical data points. You can customize its appearance—such as the color, thickness, and style—to ensure it stands out clearly on your workspace.
- Continuous Monitoring: The system constantly scans the live "Bid" price (the current selling price) as it fluctuates in the market.
- Proximity Detection: Rather than just alerting you when a price hits a line exactly, the script looks for a specific "buffer zone." You can define how close the price needs to get to the line (measured in pips) before an alert is triggered.
- Audio Notification: When the current market price enters this predefined range around the trend line, the script automatically plays a sound file. This provides an immediate audible cue, notifying you of the price action instantly.
Key Benefits
This script serves as a "digital sentry." It simplifies your trading workflow by converting visual information into audible alerts. It is particularly useful for traders who need to know the moment the market approaches a key level, allowing for faster reaction times and more disciplined trade management.
//+------------------------------------------------------------------+
//| HLine Alert.mq4 |
//+------------------------------------------------------------------+
#property copyright "raff1410@o2.pl"
#property indicator_chart_window
extern string TLineName="TrendLineFallingAlert";
extern color LineColor=Red;
extern int LineStyle=STYLE_SOLID;
extern int LineWidth=2;
extern int AlertPipRange=2;
extern string AlertWav="alert.wav";//falling-price-alert.wav";
// extern bool EmailON=false;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
ObjectCreate(TLineName, OBJ_TREND, 0, Time[25], Bid, Time[0], Ask);
ObjectSet(TLineName, OBJPROP_STYLE, LineStyle);
ObjectSet(TLineName, OBJPROP_COLOR, LineColor);
ObjectSet(TLineName, OBJPROP_WIDTH, LineWidth);
double val=ObjectGetValueByShift(TLineName, 0);
if (Bid-AlertPipRange*Point <= val && Bid+AlertPipRange*Point >= val) PlaySound(AlertWav);
// if (EmailON) SendMail("FX Currency Falling Price Alert","FX Currency Falling Price Alert");
//----
//----
return(0);
}
//+------------------------------------------------------------------+
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