The Price Alert V2 indicator for Metatrader 5 is a handy tool that enables traders to add simple price alerts to the chart.
The price alert line can be easily moved up and down on the screen with your mouse button.
Just move the colored line to your desired price alert level.
Once price hits that level, the indicator will alert you in real-time.
The following indicator inputs can be modified: alerts, line color, line style.
Make yourself familiar with this technical indicator and test it first on a demo account.
It supports all time frames and Forex pairs.
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The following chart shows how the Price Alert V2 Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Price Alert V2 Indicator?
The Price Alert V2 indicator does not deliver any buy or sell signals.
Please combine this tool with technical indicators or a trading strategy of your preference.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the PriceAlert_V2.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration