Harry would have noted if an alarm went off or the cloak started glowing or buzzing or whatnot. That would be the way an ancient artifact would be revealed, right?
One of them in particular made Hermione's heart sink; she recognized it as the Charm which had been listed alongside the description of the True Cloak of Invisibility, which would not reveal the Cloak, but would tell you whether it or certain other artifacts were nearby.
I assumed the caster of the spell silently becomes aware of the fact "there is an artifact nearby". I guess it might be possible it sounds an alarm instead, but that would require that mokeskin pouches can beat artifact-detecting spells, which seems unlikely.
EDIT: New discussion thread here.
This is a new thread to discuss Eliezer Yudkowsky's Harry Potter and the Methods of Rationality and anything related to it. With two chapters recently the previous thread has very quickly reached 500 comments. The latest chapter as of 17th March 2012 is Ch. 79.
There is now a site dedicated to the story at hpmor.com, which is now the place to go to find the authors notes and all sorts of other goodies. AdeleneDawner has kept an archive of Author's Notes. (This goes up to the notes for chapter 76, and is now not updating. The authors notes from chapter 77 onwards are on hpmor.com.)
The first 5 discussion threads are on the main page under the harry_potter tag. Threads 6 and on (including this one) are in the discussion section using its separate tag system. Also: one, two, three, four, five, six, seven, eight, nine, ten.
As a reminder, it's often useful to start your comment by indicating which chapter you are commenting on.
Spoiler Warning: this thread is full of spoilers. With few exceptions, spoilers for MOR and canon are fair game to post, without warning or rot13. More specifically: