Configurable Price-Level Alerts in MetaTrader

Summary

This document explains a MetaTrader indicator for monitoring three price conditions: a rise above a chosen level, a fall below a chosen level, or a touch at an exact level. It maps those conditions to separate chart lines and offers popup, email, and mobile push notifications. The indicator is described as compatible with MT4 and MT5, with an on-chart control panel for setting prices and alert types.

The listed options let traders choose which price stream to monitor, including Ask, Bid, their normal combination, or the prior candle’s close. Email and push delivery depend on configuring the corresponding platform settings. Line appearance and panel placement can also be adjusted. This is an operational monitoring tool rather than a trading strategy: the document gives feature descriptions and defaults, but no evidence about alert reliability, execution, or trading performance. An alert signals a price condition; it does not itself place an order or assess whether the level is meaningful.

Key ideas

• The indicator can alert when price crosses above, crosses below, or reaches an exact level.
• Alerts may appear as a popup, email, or mobile push notification.
• The monitored price can be based on Ask, Bid, their normal combination, or the previous candle close.
• Email and push alerts require matching MetaTrader platform settings.

Tags

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