VR Alert Lite: Price Level Notification Indicator
Info
The VR Alert Lite: Price Level Notification Indicator is a Script for MetaTrader 4 that vr alert lite is an indicator designed to notify traders when the price reaches a predetermined level. This is a lightweight, open-source version.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use VR Alert Lite: Price Level Notification Indicator
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
VR Alert Lite is an indicator designed to notify traders when the price reaches a predetermined level.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: trend change alert and email notification expert advisor - another powerful script for MetaTrader 4 traders.
VR Alert Lite is an indicator designed to notify traders when the price reaches a predetermined level.Also recommended: vr atr lite: price potential indicator - similar script with strong performance on MetaTrader 4.
This is a lightweight, open-source version. A full-featured version is available on the Market, offering the capability to monitor not only price but also other indicators.
The indicator was developed to simplify the trader's workflow. Hours or even days can pass while waiting for the price to break through a significant level. To avoid constant monitoring of the terminal, this indicator was created. It will alert you to a level breach or a specific time arrival using your chosen notification method.
Spending extended periods in front of charts and monitors can lead to eye strain and reduced perception. Traders may overlook genuine trading signals or perceive signals where none exist.
Advantages
Operates based on price action.
Simple to install and configure.
Levels can be manually adjusted on the chart with a mouse.
Compatible with any trading instruments and timeframes.
Audible alerts: The terminal will play a short melody to capture the trader's attention.
Last updated 2026.
You may also like: Open Alert Window Script - excellent alternative for script users on MetaTrader 4.
Source Code
яю//+==================================================================|//
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "18.010"
#property description "Educational code - RobotFX www.robotfx.org"
#property strict
MqlTick tick;
long Chart_ID;
string Prefix="DFSER-";
double PriceUP=9999999,PriceDW=0, prices=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.