Description
A simple and effective tool to save time, catch trends and trade more systematically. Price Alert is your reliable assistant in Forex. Compatible with all timeframes.
Not all levels are the same in the market. Some act as strong support and resistance levels, so it is important for traders to know when price reaches them.
The Price Alert Indicator works as an assistant to inform you when important information arrives.
Add the indicator to your chart, set the support and resistance levels you are interested in, and the indicator will let you know right away when the price touches them.
With the help of the Price Alert indicator, you can easily add several signal levels to your chart.
When the set conditions are reached, the indicator will immediately initialize an alert. You will receive a pop-up message, a sound signal and (if configured) an email message.
Why you should use the Price Alert Indicator for MT4
Here are 4 important reasons to use the indicator for MT4 in your Forex and CFD trading.
- Time saving. You should agree that most of the time you spend as a trader is waiting for the setup. The alerts will help you not to get tired and not to burn out wasting time in front of the monitor.
- More disciplined trading. By setting an alert for a price level, you are going to make a decision only after receiving it.
- Greater market coverage. You can’t do 10 things at once. But with Price Alert Indicator for MT4, you will be able to track dozens (or even hundreds) of markets.
- Mobility. By setting up to receive alerts, you will be aware of important price action anywhere you have access to the Internet.
Conclusion
The Price Alert Indicator for Metatrader 4 allows you to mind your own business and be sure not to miss important price levels in many markets.
It comes in handy for strategies based on support and resistance levels. Use Price Alert Indicator for more disciplined and efficient trading regardless of your preferred style – intraday or investment.
The indicator has 3 conditions under which the alert will be triggered automatically:
SoundWhenPriceGoesAbove: if the current quote will be higher than the price value specified here, an alert will be triggered.
SoundWhenPriceGoesBelow: if the current quote is lower than the price value specified here, an alert will be triggered.
SoundWhenPriceIsExactly: if the current quote will be exactly equal to the price value specified here, an alert will be triggered.
SendEmail: specify “yes” to receive alerts by email. The address should be entered in the terminal settings.
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