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Sunday, May 22, 2011

Price Alert Indicator


Price Alert Indicator

FREE Price Alert MetaTrader indicator plays sound alerts when the price reaches certain levels that are set by the trader. There are three types of alerts: first one is used when the price rises above certain level (displayed with the green line on the chart), second one is used when the price falls below certain level (displayed with the red line on the chart), third one is used when the price reaches the certain level exactly (displayed with the yellow line). All alerts turn off when they are triggered and can be turned on again with the new values. If you use e-mail alert feature, don't forget to set the e-mail settings in your MetaTrader platform options window. The indicator is available for both MT4 and MT5.
Input parameters:

* SoundWhenPriceGoesAbove (default = 0.0) -- if price goes above this value the alert will be triggered.
* SoundWhenPriceGoesBelow (default = 0.0) -- if price goes below this value the alert will be triggered.
* SoundWhenPriceIsExactly (default = 0.0) -- if price is exactly at this value the alert is triggered.
* SendEmail (default = false) -- if true and the correct e-mail settings are set in the MetaTrader options window, the alert is also sent to the set e-mail address.

This indicator can't be used as a trading system and it isn't generating any signals. You can use it whenever you wish to be notified of some new price levels. Then you can use the moment to do whatever you want with the market. You can set the input parameters to zero value if you don't want to use some of them.

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