The RecentHigh/LowAlert trading indicator displays two lines — the highest high and lowest low over the last N bars. By default, the recent high line is blue and the recent low line is yellow. When price breaks above the recent high or below the recent low, the indicator can play a sound file, display a MetaTrader popup notification, and send an email. All three alerts can be disabled independently. To use email alerts, you must configure your MetaTrader platform’s email settings.
Input Parameters
- N (default = 20) — number of bars used to identify the recent high and low.
- SoundAlert (default = true) — if enabled, triggers a sound on breakout.
- PopupAlert (default = false) — if enabled, shows MetaTrader’s native popup notification on breakout.
- EmailAlert (default = false) — if enabled, sends an email on breakout.
ForTrader’s analysts note that the RecentHigh/LowAlert indicator can be used in several ways. The recent high or low level may act as a trailing stop-loss for open positions. Traders also use those levels to trigger new entries. A breakout of a recent extreme alone is not a strong signal, but it can confirm other setups. Configurable alerts help traders respond quickly to these events.
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FAQ
What does the Recent High/Low Alert indicator do?
It plots the highest high and lowest low over a user-defined number of bars and alerts you when price breaks beyond either level via sound, popup, or email.
Can I use it as a trailing stop-loss?
Yes — many traders use the recent high (for longs) or recent low (for shorts) as a dynamic, time-based trailing stop level.
Why isn’t the email alert working?
Ensure MetaTrader’s email settings are correctly configured in Tools → Options → Email, and that EmailAlert is enabled in the indicator’s inputs.
