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ROC Alert
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:

• Email
• 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.

MT4 ROC Alert Installation
To install MT4 ROC Alert Indicator, please follow the instructions below:

1. Download the indicator archive file.
2. Open the MetaTrader 4 data folder (via File→Open Data Folder).
3. Open the MQL4 Folder.
4. Copy all the folders from the archive directly to the MQL4 folder.
5. Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.

MT5 ROC Alert Installation
To install the MT5 ROC Alert Indicator please follow the instructions below:

1. Download the indicator archive file.
2. Open the MetaTrader 5 data folder (via File→Open Data Folder).
3. Open the MQL5 Folder.
4. Copy all the folders from the archive directly to the MQL5 folder.
5. Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.