Introduction to the Price Alert Indicator
The Price Alert Indicator provides real-time alerts when the price reaches the value you have entered in the indicator’s input tab.
There are three prices you can set:
- Alert when the price goes above
- Alert when the price goes below
- Alert when the price is exactly
The gauge also draws the price line on the chart, so it also gives you a visible view of the prices you have entered into the indicator.
This is the input tab.
How to set up the Price Alert indicator in MT4?
Download the Price Alert.rar archive at the bottom of this post, unpack it, then copy and paste the Price Alert.ex4 or Price Alert.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Price Alert indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free Forex MT4 Price Alert Indicator
To download the Price Alert Indicator for Metatrader 4 (MT4) for free just click the button below: