Price Line Alert Indicator For MT4 - MT5
Price Line Alert Indicator For MT4 - MT5
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EarnForex Software MetaTrader Indicators Price Line Alert Indicator for MT4/MT5
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Price Line Alert is an indicator for MetaTrader 4 and MetaTrader 5 that allows you to configure multiple
levels of alert.
Assume that you want to be notified when the price goes above a level of resistance, below a level of
support, or if it hits any price that you consider important. With Price Line Alert for MT4/MT5, you can get
informed of such events.
MetaTrader offers a very limited price alert facility out of the box, so if you integrate this indicator with
your MT4 or MT5 platform, it will really help you.
The indicator is called Price Line Alert because it draws alert levels as horizontal lines on the chart. This
allows you to spot them easily.
Indicator features
Price Line Alert indicator is a very simple tool, but at the same time, it can be very useful to you as a trader.
With just a few clicks, you will be able to configure notifications and receive alerts when the price hits
some selected values.
Easy-to-use interface
Although the indicator is quite feature-rich, its interface is kept as simple as possible. Hovering over a
section of it will show its function.
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Enable/disable levels
You can create "dormant" levels and leave them disabled until you require them. These levels are shown in
gray on the chart, meaning that they are not active.
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Custom commentary
You can specify a different comment for each level. This way, you can remember what the notification is
for.
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The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set its input parameters. You can select the looks of the lines and how
to receive notifications.
Download
For more detailed instructions on how to perform the installation please visit this guide.
Download
You can open a trading account with any of the MT4 Forex brokers to freely use
the presented here indicator for MetaTrader 4. If you want to use an MT5 version
of the indicator presented here, you would need to open an account with a broker
that offers MetaTrader 5.
Discussion
Do you have any suggestions or questions regarding this indicator? You can always discuss Price Line Alert
with other traders and MQL4/MQL5 coders on our forums dedicated to Forex indicators.
Changelog
1.04 — 2024-09-11
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Added the capability for the indicator to read the lines' positions, so it is now possible to drag them
manually.
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About
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