Price Alert MT4
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Price Alert MT4
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.
Description & Settings
The indicator is equipped with a control panel that lets you quickly set alert price, levels, and types.
Input parameters Main
PriceGoesAbove
(default = 0.0) — if price goes above this value the alert will be triggered.
PriceGoesBelow
(default = 0.0) — if price goes below this value the alert will be triggered.
PriceIsExactly
(default = 0.0) — if price is exactly at this value the alert is triggered.
NativeAlert
(default = false) — if true, the indicator will issue a native platform alert (popup window with a sound).
SendPush
(default = false) — if true and the correct MetaQuotes ID settings are set in the MetaTrader options window, the indicator will issue a push notification alert to your mobile device.
AlertOnPrice
(default = Normal Ask/Bid) — defines the price type for the alerts to use: normal Ask/Bid, only Ask, only Bid, or Close of the previous candle.
PanelOnTopOfChart
(default = true) — if true, the panel will be drawn on foreground, and the chart will be drawn as background. Setting it to false will uncover the chart behind the panel. Lines
Above Line Color
(default = clrGreen) — color of the above line.
Below Line Color
(default = clrRed) — color of the below line.
Exactly Line Color
(default = clrYellow) — color of the exactly line.
Above Line Style
(default = STYLE_SOLID) — above line style.
Below Line Style
(default = STYLE_SOLID) — below line style.
Exactly Line Style
(default = STYLE_SOLID) — exactly line style.
Above Line Width
(default = 1) — above line width.
Below Line Width
(default = 1) — below line width.
Exactly Line Width
(default = 1) — exactly line width. Position
PanelPositionX
(default = 0) — default horizontal distance from the selected panel position corner.
PanelPositionY
(default = 15) — default vertical distance from the selected panel position corner.
PanelPositionCorner
(default = CORNER_LEFT_UPPER) — default panel position corner
