price alert
Info
The price alert is a Indicator for MetaTrader 4 that price alert plays sound alerts when the price reaches certain levels, specified by trader. it supports three types of signals: the first is used when the price rises above the specified level (shown as a green line on the chart); the second is used when the price falls below a certain level (red line on the chart); the third is used when the price reaches a strictly specified level (yellow line).
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use price alert
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
price alert plays sound alerts when the price reaches certain levels, specified by trader.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Institutional Ehlers Fisher Transform: Advanced Price Normalization for MT4 - another powerful indicator for MetaTrader 4 traders.
Also recommended: i market price 2.1 - real-time price information indicator - similar indicator with strong performance on MetaTrader 4.
price alert plays sound alerts when the price reaches certain levels, specified by trader. it supports three types of signals: the first is used when the price rises above the specified level (shown as a green line on the chart); the second is used when the price falls below a certain level (red line on the chart); the third is used when the price reaches a strictly specified level (yellow line).input parameters:
soundwhenpricegoesabove
(default = 0.0) — if the price rises above this value, a signal is generated.
soundwhenpricegoesbelow
(default = 0.0) — if the price falls below this value, a signal is generated.
soundwhenpriceisexactly
(default = 0.0) — if the price reaches this exact value, a signal is generated.
recommendations:
this indicator can be used as a direct signal for action, since it does not generate signals to buy or sell. you can just use it when you need sound notification on reaching certain price levels. then you can use the moment to work with the market. you can leave some input parameters at zero value to disable the corresponding signals.
You may also like: exchange price indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
extern double soundwhenpricegoesabove = 0;
extern double soundwhenpricegoesbelow = 0;
extern double soundwhenpriceisexactly = 0;
extern bool sendemail=false; //if true e-mail is sent to the e-mail address set in your mt4. e-mail smtp server settings should also be configured in your mt4
int init()
{
if(soundwhenpriceisexactly>0).......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.