MetaTrader Level Alerts with a Deviation Band and Bar-Level Throttling

Summary

This MetaTrader indicator monitors a user-selected price level and defines a tolerance band around it using a deviation measured in points. It draws horizontal lines for the trigger level and band boundaries, with configurable colors and styles. When price enters the band, it can issue a popup alert, a mobile notification, or both. Multiple copies can be placed on a chart to monitor different levels.

The indicator limits repeated notifications by triggering at most once per bar, reducing repeated alerts on successive ticks; it can trigger again on a later bar. The supplied description and code explain alert behavior and setup, not a trading strategy or a tested source of signals. The user must choose meaningful levels and configure notifications. The code checks the current close against the band, so it does not itself establish that price crossed the level in a particular direction or confirm a breakout.

Key ideas

• The indicator watches a configured price level within a point-based deviation band.
• It draws the level and band boundaries as horizontal chart lines.
• Alerts can be sent by popup or mobile notification when price is within the band.
• A trigger is limited to once per bar to reduce repeated alerts on successive ticks.
• The tool does not define trade direction or provide evidence of strategy performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.