The indicator monitors the STOPLEVEL level. When the level changes, it signals with an alert.

STOPLEVEL – the minimum margin in points from the current closing price for setting Stop Orders, or the minimum allowable stop loss/take profit level in points. 

A zero value of STOPLEVEL means either that there is no limit on the minimum distance for a stop loss/take profit, or that the trading server uses external mechanisms for dynamic control of levels that cannot be transmitted to the terminal. In the second case, the STOPLEVEL level is actually “floating”.

Indicator Settings:

• color_ – color of the zone for the level
• draw_bars – number of bars for displaying the level zone
• width_price – the thickness of the price tags