ROC with Alert for MT4 and MT5
ROC Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when rate of change indicator crosses the zero line.
What Is Rate of Change Indicator?
Rate Of change (ROC) indicator is a percentage value of price change at one candle compared to the price N candles ago.
Rate of change above zero indicates a price increase compared to the old value. Conversely, a ROC below zero means a price drop.
A higher or lower value of ROC can also be an indicator of the trend's momentum.
ROC Alert Indicator
As a trader, you might find it useful to check ROC values of an instrument. In some cases, you might also want to include it in your strategy.
Through ROC Indicator you can:
- See the current rate of change which has the current price compared to the close price of a specified number of candles ago.
- Check the historical ROC to have an understanding of the momentum.
- Receive notifications when ROC changes from positive to negative and vice versa.
This indicator allows you to receive alerts when ROC crosses the zero level. You can receive notifications via:
- Mobile app
- On screen
Another interesting feature of this ROC Alert indicator for MetaTrader is that it can draw buy and sell signals in the form of arrows when the zero line is crossed.
ROC Alert Indicator Source Code
If you are interested in alert indicators, you can use the source code of the present ROC Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.
How to Download and Use MT4 ROC Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select ROC period to use and how to receive notifications.
Downloads
➥ MQLTA MT4 ROC With AlertMT4 ROC Alert Installation
To install MT4 ROC Alert Indicator, please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 4 data folder (via File→Open Data Folder).
- Open the MQL4 Folder.
- Copy all the folders from the archive directly to the MQL4 folder.
- Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For more detailed instructions on how to perform the installation please visit this article.
MT5 ROC Alert Indicator
What Is MT5 ROC Alert Indicator?
ROC Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for ROC line crossing the zero level on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
How to Download and Use MT5 ROC Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
Downloads
➥ MQLTA MT5 ROC With AlertMT5 ROC Alert Installation
To install the MT5 ROC Alert Indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 5 data folder (via File→Open Data Folder).
- Open the MQL5 Folder.
- Copy all the folders from the archive directly to the MQL5 folder.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.
