The Level Alert Forex indicator for Metatrader 5 sends out an alert at the desired currency pair price set by the user.
The Level indicator alerts the user when the price touches the trigger point and also draws two deviation price level horizontal lines on the chart.
The desired trigger point needs to be set in the indicator’s inputs tab.
The following indicator inputs can be modified: use alert, use push notifications, actual level, deviation from trigger points, line width, and line color.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
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LevelIndicator.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Level Alert Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Level Alert Indicator?
The indicator does not deliver any buy or sell signals.
Please combine with other technical indicators.
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LevelIndicator.mq5 Indicator (MT5)
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 LevelIndicator.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