The Price Alert Indicator for MT4 & MT5 is a practical MetaTrader tool designed to notify traders whenever the market price reaches predefined levels. Instead of continuously monitoring charts, traders can rely on this indicator to receive instant alerts when key price conditions are met.

The indicator supports three distinct price alert types, each represented by a different colored line on the chart:

• Green line – triggers an alert when price rises above a specified level
• Red line – triggers an alert when price falls below a specified level
• Yellow line – triggers an alert when price touches an exact price level

Alerts can be delivered through native platform popups, email notifications, or push notifications to mobile devices. The indicator works seamlessly on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Key Features

• Real-time price level monitoring
• Three customizable alert conditions (above, below, exact price)
• Visual price lines displayed directly on the chart
• Built-in control panel for quick adjustments
• Native, email, and push-notification alerts
• Flexible price source selection (Ask, Bid, or candle close)
• Compatible with MT4 and MT5

Control Panel Functionality
The indicator includes a convenient on-chart control panel, allowing traders to quickly set alert prices, manage alert types, and adjust levels without opening the indicator settings window. This significantly improves usability, especially during fast-moving market conditions.

Input Parameters Explained
Main Settings

• PriceGoesAbove (default = 0.0)
  Triggers an alert when the price moves above the specified value.
• PriceGoesBelow (default = 0.0)
  Triggers an alert when the price moves below the specified value.
• PriceIsExactly (default = 0.0)
  Triggers an alert when the price reaches the exact specified value.
• NativeAlert (default = false)
  Enables on-screen popup alerts with sound.
• SendEmail (default = false)
  Sends email alerts when proper email settings are configured in MetaTrader.
• SendPush (default = false)
  Sends push notifications to mobile devices when MetaQuotes ID is configured.
• AlertOnPrice (default = Normal Ask/Bid)
  Defines which price source is used for alerts: Ask/Bid, Ask only, Bid only, or previous candle close.
• PanelOnTopOfChart (default = true)
  Displays the control panel above the chart. Disabling it allows the chart to appear in the foreground.

Line Appearance Settings

• Above Line Color / Style / Width – visual settings for price-above alerts
• Below Line Color / Style / Width – visual settings for price-below alerts
• Exactly Line Color / Style / Width – visual settings for exact-price alerts

These options allow traders to fully customize how alert levels appear on the chart.

Panel Position Settings

• PanelPositionX (default = 0) – horizontal offset
• PanelPositionY (default = 15) – vertical offset
• PanelPositionCorner (default = CORNER_LEFT_UPPER) – panel anchor position

Usage Example
The Price Alert Indicator is not a trading system and does not generate buy or sell signals by itself. Instead, it acts as a support tool, notifying traders when price reaches important levels such as support, resistance, breakout zones, or psychological price levels.

If a specific alert type is not needed, traders can simply set its price value to 0, effectively disabling that alert condition.

This makes the indicator ideal for discretionary traders, scalpers, swing traders, and anyone who wants to stay informed without watching charts continuously.

Conclusion
The Price Alert Indicator for MT4 & MT5 is a simple yet highly effective tool for monitoring market prices in real time. With flexible alert conditions, multiple notification methods, and a user-friendly control panel, it helps traders react quickly to key market movements while maintaining full control over their trading workflow.

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