PriceAlert - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator shows a horizontal line that sets the signal activation level.
During the first launch of the indicator, the driving levels are gray and inactive. When traders change their position on the chart, it becomes active and turns red. Once the price reaches a driving level, the indicator will start sounding an alert or sounding an alarm.
After the price crosses this level, the indicator will issue an alert on each price move until the signal limit defined by the AlertTotal external variable is reached. Thereafter, the driving level line will turn gray and become inactive until the trader repositions it to the desired level again.
Input parameters:
Attachment download
📎 pricealert.mq5 (7.74 KB)
Source: MQL5 #656
PriceAlert - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
PriceAlert - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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