This is a fully configurable multi-timeframe alert engine. Simply adjust the settings to fit your favorite strategy.
The debug panel (right) shows your current alert settings. The display panel can be hidden ie set DebugOn=false.
The alert engine can be switched on or off using the DisableAll setting.
DisableAll=false. The alert engine is active.
DisableAll=true. The alert engine is off. All other lamps will show line through.
Dashboard Alerts Summary
Most people don't display the full debug alert panel. The dashboard has it's own summary panel to show active alerts. LCUMA=MA, FRAC=FractalSR, STOC=Stochastics, THV=THV, CMB=Combination, ADR=Average Daily Range. The example to the left shows orange for those items currently in alert ie Moving Averages (LCUMA), Average Daily Range (ADR) and News. The alert display 'flashes' ie alternates between two colors on every tick. Adjust the WarningColor1 and WarningColor2 settings.
ADR: Average Daily Range
ADR is useful for determining when to begin and end trading within a day. ADRWait will alert you when the range for the day is too low. The example shown would alert you when ADR is less than 40 pips. ADRHigh will alert you when ADR is greater than a percentage of recent days. Choose to compare against the previous trading day (1=YD), last 5 days (2=WK), or last 30 days. The settings in this example would alert you when ADR is more than 80% of the previous trading day. Disable these alerts with ADRWaitOn and ADRHighOn.
News1 and News2
The news alert works with the pipware-news-master indicator ie the news-master indicator much be attached to at least one chart window. There are two alerts available. The example would cause an alert when news is within 15 minutes and a second alert when news is within 5 minutes. To disable either alert, set a value of -1. Note that these settings are used for the dashboard news alert area.
MTF MA, THV, FractalSR and Stochastics
Enter your type of MA into MAMethod and the period into MAPeriod. The alert engine will determine whether price action is above (bullish) or below (bearish) on the time frames you select (see below).
Stochastics setting can be adjusted using these settings. The alert engine will determine if the stochastics slope is bullish or bearish dependent on the Slope setting. The slope setting is explained on the Stochastics page: Stochastics Slope Setting
Fractal SR is explained on the Fractals page: Fractal Support and Resistance
THV is explained on the THV page: THV
The MTF (Multi Time Frame) feature is best explained by using an example ... the '3 ducks' strategy. It uses 3 moving averages M5 SMA60, M15 SMA60 and H1 SMA60. An entry alert should be giving whenever price is on the same side of all moving averages eg bullish alert when price is above SMA60 on M5, M15 and H1.
Fiirstly, we set the moving average ie MAMethod=SMA and MAPeriod=60 (see diagram above). Also set MAOn=true and MATF="M5,M15,H1".
Make sure to set all other MTF alerts to Off eg THV, Stochastics etc. The alert debug panel should look similar to the diagram on the right. To see the debug panel, set DebugOn=true.
The 'MA' lamp (left) is a bullish signal ie in the example shown (above), price is above the SMA60 on M5, M15 and H1. The 'MA' lamp will be bearish when ALL 3 timeframe lamps are bearish. Whenever the 'MA' lamp changes to bullish or bearish an alert will occur eg sound or popup.If the timeframe lamps are a mixture of bearish and bullish, the 'MA' lamp will be 'flat' and no alert occurs. See the example to the left.
Fractal SR and Stochastics alerts are configured in the same way as MA alerts. Remember to adjust stochastics settings eg 8,3,3 as shown earlier on this page.
teTHV is a little different because there are five items capable of being monitored. Each item Coral, Cloud etc can be monitored on completely different sets of timeframes eg you might want to monitor the Coral on M5 but the fast and slow trix on M1 and M5. The THV alert lamp and (sound or popup) occur only when all configured thv items are bullish or bearish.
Typically, you would want each of MA, FractalSR, Stochastics and THV alerts to function independently of each other. To operate this way, set CombinedOn=false. Some strategies us a combination of indicators. An example may be using two moving averages and a stochastics. You would only want an alert when the MA lamp and Stochastics lamp are in agreement. This is acheived by setting CombinedOn=true.
Lamp colors can be changed with the settings to the right. Note that this is a global dashboard setting ie affects all Bull, Bear and Flat annotations like fractal arrows and dashboard panel (summary) lamps.
Sounds, Popups and Log
SoundOnlyOn=true will disable alert popups and make an audible sound instead. The sound heard will be whatever is set in OnSoundFile. Sound files should be .wav and placed in your Metatrader sounds folder. If you set SoundOnlyOn=false, alerts will cause popups to be displayed with the default metatrader alert popup sound. Popups will also print information in the metatrader log. When SoundOnlyOn=True, alerts are not automatically written to the Metarader log. Please set PrintToLogOn=true if you would like alerts also written to the Metatrader log.