About the Indicator
The Price Alert indicator for Metatrader 4 is a handy tool that notifies you when the price reaches your price level target.
After loading the indicator on the chart, it appears in the form of a horizontal Gold colored line.
The default color can be changed to whatever color you want.
You can move the Gold colored line up and down on the chart with your mouse button.
The indicator will alert you when the price touches the Gold line price.
Key Features
- Draws horizontal alert lines (Buy or Sell zones)
- Triggers visual, sound, and email alerts on breakout
- Easy to set and customize price alert levels
- Ideal for breakout traders and support/resistance strategies
- Lightweight and non-intrusive on the chart
How It Works
Once the indicator is added to your chart, simply drag the horizontal lines to your desired price level.
When the price hits or crosses the alert line, the indicator will notify you via:
- Sound alert
- On-screen notification
- Email (if configured)
You can place multiple alert lines for different price zones, and they can be used on all currency pairs and timeframes.
Free Download
Download the “Alert line 1.ex4” indicator for MT4
Benefits of Using the Indicator
- Never miss a key breakout or pullback opportunity again
- Perfect for part-time traders who can’t monitor charts full-time
- Can be used for both entry and exit points
- Supports better timing of trades and reduced screen time
Indicator Example Chart (EUR/USD M15)
Price Alert Line + FQ Signals Bars Forex Indicator Strategy for MT4
This strategy combines the precise price level alerts of the Price Alert Line Forex Indicator with the dynamic momentum and signal bars of the FQ Signals Bars Forex Indicator.
Together, they help traders pinpoint key entry and exit points by monitoring important price levels alongside momentum-based buy and sell signals.
This approach works well on intraday charts such as M15, M30, and H1 for both scalping and swing trading.
What Is This Strategy About?
The Price Alert Line Indicator allows traders to set custom price levels and receive alerts when the market reaches these levels, helping monitor critical support, resistance, or breakout zones.
The FQ Signals Bars Indicator visualizes momentum shifts with color-coded bars and provides buy and sell signals based on price action and trend strength.
Combining these tools enables traders to enter trades near important price points with momentum confirmation, enhancing trade accuracy and timing.
Buy Rules
Conditions:
- Price approaches or breaks above a key alert line set by the Price Alert Line Indicator.
- The FQ Signals Bars Indicator displays bullish bars (typically green) and/or a buy signal.
Entry:
Enter a buy trade when price interacts with the alert line and the FQ Signals Bars confirm bullish momentum.
Stop Loss:
Place a stop loss below the alert line or recent swing low to allow some price fluctuation.
Take Profit:
Set the take profit based on the next resistance levels or use a risk-to-reward ratio between 1:2 and 1:3.
Sell Rules
Conditions:
- Price nears or falls below a key alert line level, indicating potential support break.
- The FQ Signals Bars Indicator shows bearish bars (usually red) and/or a sell signal.
Entry:
Open a sell trade when the price hits or breaks the alert line, confirmed by bearish momentum on FQ Signals Bars.
Stop Loss:
Place a stop loss above the alert line or recent swing high.
Take Profit:
Target the next support level or apply a fixed risk-to-reward ratio of 1:2 or 1:3.
Advantages
- Combines key price level monitoring with momentum-based signal confirmation.
- Price alerts help traders never miss important breakout or reversal levels.
- FQ Signals Bars provide clear visual momentum cues for entry timing.
- Works well across different currency pairs and timeframes.
Drawbacks
- Price alerts need to be manually set, requiring good market knowledge.
- Potential for false signals during choppy or sideways markets.
- Requires active monitoring to respond to price alerts promptly.
Conclusion
The Price Alert Line + FQ Signals Bars Forex Indicator Strategy is an effective approach that blends price level alerts with momentum-based trading signals.
The Price Alert Line Indicator ensures traders stay aware of crucial market levels, while the FQ Signals Bars Forex Indicator confirms the market’s momentum to help time entries and exits.
Together, they provide a comprehensive framework for precise and disciplined trading.
Download Now
Download the “Alert line 1.ex4” indicator for Metatrader 4
Indicator Specifications
| Indicator Name | Price Alert Line Forex Indicator |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Timeframes | All timeframes |
| Pairs | All currency pairs |
| Alerts | Sound, Visual, Email |
| Inputs |
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Examples, Case Data, Back Test
While this indicator doesn’t provide backtest data as it doesn’t generate buy/sell signals by itself, many traders report success when combining it with breakout or trend continuation strategies.
For example, setting alerts above a consolidation zone often results in a strong price reaction once the alert is triggered.
✅ Pros
- Very easy to use and lightweight
- Real-time alerts for better trade timing
- Customizable alert messages and sounds
❌ Cons
- Does not give automated buy/sell signals
- No built-in risk management or lot size calculator
Final Words
The Price Alert Line Indicator for MT4 is a must-have tool for traders who want to stay on top of market movements without constantly watching the screen.
Simple, customizable, and effective, this indicator lets you stay alert and trade smarter.
Combine it with your existing strategy for best results, and never miss a trade opportunity again!
