The ROC Alert Indicator for MT4 and MT5 is a free MetaTrader indicator designed to help traders monitor market momentum using the Rate of Change (ROC) indicator. It provides real-time alerts when the ROC crosses the zero line, allowing traders to react quickly to potential trend changes.

This indicator supports on-screen alerts, email notifications, and mobile push notifications, making it suitable for both active and hands-off traders.

What Is the Rate of Change (ROC) Indicator?
The Rate of Change (ROC) indicator measures the percentage change in price compared to the price N candles ago.

• A ROC value above zero indicates that the price has increased.
• A ROC value below zero indicates that the price has decreased.
• The magnitude of the ROC value reflects the strength of market momentum.

Because of this, ROC is widely used to identify trend direction and momentum shifts.

ROC Alert Indicator Overview
The ROC Alert Indicator enhances the classic ROC by adding automatic alert functionality. Instead of constantly watching the indicator window, traders can receive instant notifications when momentum changes occur.

With the ROC Alert Indicator, you can:

• Monitor the current Rate of Change in real time.
• Analyze historical ROC values to better understand momentum.
• Receive alerts when ROC crosses from positive to negative or negative to positive.
• Identify potential trend reversals early.

Alert & Notification Features
The indicator allows you to receive alerts when the ROC crosses the zero level via:

• On-screen alerts inside MetaTrader
• Email notifications
• Mobile push notifications (MetaTrader mobile app)

Additionally, the indicator can draw buy and sell arrows directly on the chart whenever the zero-line crossover occurs, providing clear visual signals.

Why Use the ROC Alert Indicator?
The ROC Alert Indicator is useful for:

• Detecting momentum shifts early
• Confirming trend direction
• Enhancing existing trading strategies
• Reducing screen time by relying on alerts

It can be used as a standalone tool or combined with other indicators such as RSI, Moving Averages, or Support & Resistance levels.

Installation Instructions for MT4
To install the MT4 ROC Alert Indicator, follow these steps:

1. Download the indicator archive file.
2. Open MetaTrader 4.
3. Go to File → Open Data Folder.
4. Open the MQL4 folder.
5. Copy all folders from the archive into the MQL4 folder.
6. Restart MetaTrader 4 or right-click in the Navigator window and select Refresh.

Installation Instructions for MT5
To install the MT5 ROC Alert Indicator, follow these steps:

1. Download the indicator archive file.
2. Open MetaTrader 5.
3. Go to File → Open Data Folder.
4. Open the MQL5 folder.
5. Copy all folders from the archive into the MQL5 folder.
6. Restart MetaTrader 5 or refresh the indicators list from the Navigator window.

Final Notes

• Compatible with MetaTrader 4 and MetaTrader 5
• Free to use, no license required
• Suitable for Forex, indices, commodities, and other instruments
• Works on all timeframes

The ROC Alert Indicator is a simple yet powerful tool for traders who want to stay informed about momentum changes without constantly monitoring the charts.

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