The Price Alert Indicator for MT5 is a popular and useful tool for forex traders. This indicator helps traders stay on top of price movements by providing real-time alerts when key price levels are reached. It is available for free and can be easily installed on the MT5 platform. The Price Alert Indicator works by allowing traders to set price levels that they want to be notified about. When the price reaches these levels, the indicator will trigger an alert, either through a popup notification or an email. This allows traders to stay informed and ready to take action when important price levels are hit. To use the Price Alert Indicator, traders simply need to set their desired price levels and enable the alerts. They can customize the alerts to suit their preferences and trading strategy. Overall, this indicator is a valuable tool for forex traders looking to stay ahead of the market.
MT5
Price Alert
Price Alert Indicator MT5 is a useful forex indicator for traders using the MetaTrader 5 platform. This popular indicator provides free price alerts for different currency pairs, helping traders stay informed of price movements. The indicator works by monitoring price movements and sending alerts when specific price levels are reached. Traders can customize the alert settings to suit their trading preferences.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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