Configurable Price Alerts for Upward, Downward, and Exact Levels

Summary

This MetaTrader indicator monitors a trader-selected price and plays a sound when the price moves above it, below it, or reaches it exactly. Each alert type can be set independently, and leaving a level at zero disables that alert. The signal is a notification about price location, not a buy or sell recommendation, so the trader must decide what action, if any, to take.

After an alert triggers, it is disabled until re-enabled with a new level. Email notifications are also available, provided the platform’s email settings are configured. The document describes the alert conditions and setup but gives no performance evidence, trading rules, or guidance for choosing levels. Its usefulness is therefore operational: it can help traders watch selected prices without continuously monitoring a chart, but it does not establish whether those prices have predictive value.

Key ideas

• The indicator can alert when price moves above, below, or exactly to a chosen level.
• Each alert condition can be configured independently, with zero used to disable it.
• A triggered alert is disabled until it is re-enabled with a new level.
• The alerts notify the trader about price location and do not generate buy or sell advice.
• Email alerts require working email settings in the trading platform.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.