MT4 Volatility Alert with pips display (Scalpers Buddy)

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Pip value calculator Our pip value calculator will tell you the value of a pip in the currency you want to trade in. This information is crucial in determining if a trade is worth the risk, and in managing that risk appropriately. Find the true value of a pip in your chosen currency now Pip amount: Currency pair: Trade size (lots): Deposit currency: Main Currencies Instrument Rate.
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Hi traders,
Back in 2015, Keith Watson (Gumrai) helped me to re-design a simple indicator similar to Paul Haye's 'Scalpers Buddy'.
Basically it's an indicator that sounds a chime and highlights in red (or a colour of your choice) when the current candle has moved a certain amount of pips and signals us of volatile moves.
Indicator features:

Sound alerts
Visual alerts (text colour change)
Draggable on chart - can be placed anywhere
Customizable font and font size
Multi-timeframe (but for accurate and constant volatility alerts leave the setting on M1)

Even though this indicator was designed to alert you on when to scalp during a trend trade, I use it for simple counter-trend trading simply by:

Waiting for the alarm to chime
Checking on the M15 which chart is moving
Jumping in and scalping the opposite direction once the candle moves close to an important structure like Daily Pivots, 200MA's, whole round numbers (sweet spots), and support and resistance.

Here's an example of a live trade taken by using the Volatility Alarm:

When I want to be alerted of volatile moves I leave it on the default 5.0 pips when trading the volatile currencies (GBPJPY, GBPAUD, EURNZD, EURCAD, GBPCAD, GBPNZD and EURAUD).
All other major pairs I set it on 4.0 pips.
Try it out, I'm sure many of you will find it useful to help alert you of volatility.
PS: I've also included the sound chime I use which is a low frequency 'dong' sound. Just drop this file into your 'Sounds' folder in the MT4 directory and load the Volatility Alarm Settings file included.
7th March 2018

Fixed issue with resetting 'Chart on foreground' and renaming issue with indicator not appearing in list

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Volatility Alarm.zip: (16.01 KiB) Downloaded 1941 times

Pips Counter Indicator shows the current candle moved pips from open. You can choose the color for +pips and -pips.

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Pips Counter Indicator

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