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MT5 Price Alert Panel (PAP) Indicator Download - Free [TradingFinder] - MetaTrader 5 Resources

author EAcpu | 7 reads | 0 comments |

The Price Alert Panel (PAP) indicator is a price alert tool on MetaTrader 5 indicator. Traders can use the PAP indicator to set alerts at different price levels so that the necessary alerts are automatically triggered when the price reaches a specified range.

The price alert panel in PAP indicator is available in different formats such as Normal Bid/Bid, Ask Only, Bid Only and Last Close. These alerts can be sent via email, mobile notifications, or displayed directly on the chart.

PAP Indicator Table

Indicator categories: Money Management MT5 Indicators Signals and Forecasts MT5 Indicators Trading Aids MT5 Indicators
Platforms: MetaTrader 5 Indicators
Trading Skills: Elementary
Indicator Types: Lagging MT5 Indicator
MT5 Breakout Indicator
Time frame: Multi Time Frame MT5 Indicators
Trading Style: Intraday MT5 Indicators Scalper MT5 Indicators Intraday Trading MT5 Indicators
Trading Tools: Forex MT5 Indicators Cryptocurrency MT5 Indicators Index MT5 Indicators

Price Alert Panel Indicator (PAP) Overview

The Price Alert Panel Indicator (PAP) is a sophisticated and useful tool for traders who wish to receive notifications when price reaches a predetermined target level.

This Trading Assist removes the complexity of setting alerts directly on the chart, helping traders configure precise and effective alerts, ensuring they understand price movements with ease.

How the PAP indicator works

How the PAP Indicator Works
WTI crude oil (WTI) 1 hour chart

The PAP indicator is an ideal tool for technical analysis traders who want to understand price movements and achieve desired levels. The PAP indicator allows setting price alerts at different levels and notifies traders when the price reaches these levels by providing various alerts.

Alarm type selection:

  • Normal ASK/BID: Normally use this option to set alerts.
  • ASK only: When the ask price is reached, the alert is triggered.
  • BID only: When the BID price is reached, the alarm will be triggered.
  • Previous Close: The alert is triggered when the previous candle's closing price is reached.

Alarm location selection:

  • Above Price: Select an alert based on the candle above
  • Below Price: Select alerts based on candles
  • Exactly Price: Select the alert based on the middle position of the candle

Alarm delivery method selection:

  • Popup: Set to send alerts as a popup window (if set and activated)
  • Email: Set to send alerts as email (if set up and activated)
  • Push: Set to send alerts as notifications on mobile devices (if set up and activated)

PAP indicator settings

PAP Indicator Settings
Gold 30 minute chart (XAUUSD)
  • PriceGoesAbove: Select the first alert
  • PriceGoesBelow: Select the second alert
  • PriceIs Exactly: Select third alert
  • NativeAlert: Choose popup alert
  • SendEmail: Choose email alert
  • SendPush: Select mobile notification alerts
  • Alert On Price: Select alert type
  • Panel at the top of the chart: Select Show on Chart
  • Above Line Color: Select the color of the above line
  • Below Line Color: Select the color of the line below
  • Exactly Line Color: Select the color of the middle line
  • Above Line Style: Select the above line style
  • Below Line Style: Select the below line style
  • Exactly Line Style: Select the style of the middle line
  • Above Line Width: Select the width of the upper line
  • Below Line Width: Select the width of the lower line
  • Exactly Line Width: Select the width of the middle line
  • Panel Position X: Select panel settings based on horizontal pixels
  • Panel Position Y: Select panel settings based on vertical pixels
  • Panel Position Corner: Select the position of the panel

Conclusion

The Price Alert Panel (PAP) indicator is a price alert tool that allows traders to specify key price levels on the chart. When price reaches these levels, price alerts appear on the chart and notifications are sent to traders.

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