click on the market chart to create a price alert
Info
The click on the market chart to create a price alert is a Indicator for MetaTrader 5 that this an indicator which understands mouse click and keyboard press, and the purpose is to create alerts at the price that the market has not yet reached. it can be very helpful to be alerted when the price crosses a particular value.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use click on the market chart to create a 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
this an indicator which understands mouse click and keyboard press, and the purpose is to create alerts at the price that the market has not yet reached.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Market Volatility Monitor MT5 - Professional ATR and Volatility Dashboard - similar indicator with strong performance on MetaTrader 5.
this an indicator which understands mouse click and keyboard press, and the purpose is to create alerts at the price that the market has not yet reached. it can be very helpful to be alerted when the price crosses a particular value. it can be used to validate theories in a trading system, or alert when key market prices are met.1. after loading the indicator on the chart, you will configure either a bearish or bullish alert depending on what kind of alert you need, and you may change the timezone for the alert. the software uses gmt+3 by default. you have the option to change it to gmt, gmt+1, or gmt+2.
3. to create the alert,
simply left click on the chart
. it is where you click where the alert will be created. the alert will lock after it is created.
4. if you want to alter the position of the alert, press
the up arrow key
on the keyboard, and the alert will no longer be locked. you can now click somewhere else on the chart to alter the position of the alert.
5. to reset the alert, you can open the indicator window and configure whether you need a bearish or bullish alert, similarly press the keyboard up arrow key to unlock it, and click on the chart to lock the alert in place again.
the alerts are based on price crossing a future expected price
the purpose of these kind of alerts is to validate your assumption on where the market is going
these type of "price crossing value" alerts could already be created on the tradingview platform but not on metatrader
edit:
You may also like: Quantora Market Status Dashboard MT5 - Real-Time Market Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.03"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_label1 "PRICE ALERT"
#property indicator_type1 DRAW_ARROW
#property indicator_style1 STYLE_SOLID
#property indicator_color1 clrLightBlue.......
⚠ 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.