MT4 RECTANGLE EXTENDER ALERTExtend Rectangles and place Alerts
Mark your supply demand zones with extended rectangle and draw support resistance lines with extended trendline.
MT4 Rectangle extender indicator will simplify and make it easier for you to analyze markets and stay notified about important events. Rectangles and trendlines can be extended into future. When you extend rectangle or trendline the action buttons will be shown (Alert, Engulf, Risk Reward). You will receive alert and mobile push notification when price comes into rectangle or when engulf happens.
Smart Rectangle ExtenderRectangles and Trendlines will be extended into future with one click. Rectangle size, name and prices will be displayed around rectangle.
Risk Reward Ratio CalculationTrader can use risk reward calculation to decide if trade is profitable enough. You can manually drag horizontal line and risk reward with pip count will be displayed as text on horizontal line.
Price and Engulf AlertPrice Alert and Engulf detection in Rectangle extender are supported with MT4 mobile push notifications. Stay notified about market events.
Indicator customizationTrader can customize MT4 rectangle extender indicator with input properties. You can change colors, font size, element display position and some other features.
How to extend rectangle or trendline
We recommend that you enable setting option Select object after creation in Tools/Option/Objects. If you enable this option, then extend button >> will be show after you draw rectangle or trendline.
After you draw rectangle the button >> will be created if rectangle is selected. When you click on this button, then the rectangle will be extended into future.
After you draw trendline the button >> will be created if trendline is selected. When you click on this button, then the trendline will be extended into future.
Extended rectangle and trendline example
This is how extended rectangle and trendline will look like on your chart. Selected rectangle or trendline will have visible action buttons. Prices will be shown or the right side. You can also hide prices in indicator Input properties. If you want to stop extension for rectangle or trendline, then click on button << and object will be no longer extended.
Name of rectangle or trendline will be displayed on the right side. You can also hide names if you click on button No text. Rectangle size will be calculated and displayed on the left side.
Price alert with push notification
When you click on button Alert then rectangle or trendline will trigger alert notification when price will touch this object.
MT4 price alert
You will receive MT4 alert dialog if Alert button will be enabled and price will touch rectangle or trendline.
MT4 price push notification
You will receive MT4 push notuification on your mobile phone if Alert button will be enabled and price will touch rectangle or trendline.
Acitvated Alert example
Click on Alert button and enable price alert for rectangle or trendline. Bell sign will signalize that alert is ON.
Engulf detection alert with push notification
When you click on button Engulf then rectangle will trigger alert notification when price will engulf extended rectangle.
MT4 Engulf alert
You will receive MT4 alert dialog if Engulf button will be enabled and price will engluf extended rectangle.
MT4 Engulf push notification
You will receive MT4 push notuification on your mobile phone if Engulf button will be enabled and price will engulf extended rectangle.
Acitvated Engulf example
Click on Engulf button and enable price alert for rectangle engulf. Arrow sign will signalize that engulf detection is ON.
Risk reward ratio calculation
You can enable Risk Reward (RR) calculation with click on button Buy RR or Sell RR. Horizontal line will be displayed, and it will show Risk Reward ratio and pip distance betwen extended rectangle and horizontal line. You can select and move horizontal line to get your risk reward calculation information. You can hide Risk Reward line with click on button.
Trading box Rectangle extender can be configured and customized with help of Input properties. You can find explanation for each input parameter below.
Show or hide prices on the right side of rectangle or trendline. If you set to false, then prices will not be shown.
Show or hide buttons on the right side of selected rectangle or trendline. If you set to false, then buttons will not be shown.
Show or hide rectangle pip size.
When you extend rectangle, it will be filled with background color if variable is set to true.
This function will automatically change rectangle color if it will be above or below bid price.
If variable use_extended_rectangle_colors is set to true, then rectangle above bid price will be that color.
If variable use_extended_rectangle_colors is set to true, then rectangle below bid price will be that color.
We can disable trendline extender function if we set variable to false.
We can set default color of extended trendline.
We can set default line stlye of extended trendline.
We can display Risk Reward ratio calculation on left or right side of chart.
We can set text font size.
We can set text font color.
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