Introduction to the News Alert Indicator
The News Alert Indicator warns us when there is a meaningful volatility change in the market spread. When the spread widens dangerously the News indicator will provide you with the corresponding message and you should avoid trading during that time.
The warning appears in the new alerts window.
Be aware that even with a good forex entry point for a trade, it may turn to be unprofitable, because the high spread will kill the potential profit, and that is why you should pay attention to the alerts given by the News Alert indicator.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab.
How to set up the News Alert indicator in MT4?
Copy and paste the news-alert.ex4 or news-alert.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
News Alert Indicator Free Download
To download the News Alert Indicator for Metatrader 4 (MT4) for free just click the button below: