Price Alert Panel for MetaTrader 4

If you are tired of staring at the chart waiting for price to reach a level, Price Alert Panel handles the watching for you. You drag three lines onto the chart, tick which notification channels you want, and it pings you the moment price crosses. It does not predict anything and it does not trade. It is an alert utility, and a clean one.

What is Price Alert Panel, and what does it do in MT4?

Price Alert Panel is a free, open-source on-chart panel for MetaTrader 4 and MetaTrader 5, published by EarnForex.com under the Apache-2.0 licence. Instead of digging through the MT4 alerts dialog, you get a small dockable panel with three editable price fields and matching horizontal lines on the chart: a green "above" line, a red "below" line and a yellow "exactly" line.

When the live price (or the previous candle's close, if you choose) reaches one of those levels, the panel triggers whichever alerts you have enabled. It is a watcher and notifier, not a strategy or a forecasting tool. The decision about what level matters, and what to do when it is hit, stays entirely with you.

On every incoming tick the indicator reads the price you select with AlertOnPrice: normal Ask/Bid, Ask only, Bid only, or the previous closed candle on a timeframe you pick. It then compares that price against the three levels you have set, which it stores and reads back from the on-chart lines so dragging a line and typing a value stay in sync.

When the chosen price crosses an enabled level, the indicator dispatches notifications through MetaTrader's standard functions: a native terminal pop-up via Alert(), an email via SendMail(), a mobile push via SendNotification(), and a sound via PlaySound(). Each channel is an independent checkbox, so you can use one, several, or all four at once. Email needs your SMTP server configured in MT4 (Tools, Options, Email) and push needs your MetaQuotes ID set on the Notifications tab, because the panel only calls those built-in functions, it does not contain its own mail or push client.

Your levels, channel choices and panel position are saved to disk, so they survive a chart reload or a terminal restart. The panel also removes duplicate copies of itself if you accidentally attach it twice to the same chart.

Which Price Alert Panel inputs matter most?

The defaults attach a working panel with all alerts off, so nothing fires until you choose your levels and tick at least one channel. These are the inputs worth knowing.

How do you add Price Alert Panel to MetaTrader 4?

1. Download and unzip the Price Alert Panel package from the link on this page.
2. In MetaTrader 4, click File, then Open Data Folder.
3. Open the MQL4 folder, then the Indicators folder, and copy the indicator file from the zip into it.
4. If the package includes any .mqh files or a Files/Images folder, copy them into the matching MQL4 subfolders (Include, Files, Images).
5. Back in MT4, right-click the Navigator panel and choose Refresh so the indicator appears under Indicators.
6. Drag Price Alert Panel onto the chart and symbol you want to watch, then click OK.
7. Set your levels by dragging the lines or typing values, tick the notification channels you want, and confirm SMTP/MetaQuotes ID are configured if you use email or push.

Where does Price Alert Panel help, and where does it fall short?

What Price Alert Panel does well, and where it falls short, with nothing hidden.

• +Three alert types (above, below, exactly) on one chart, all set visually by dragging lines or typing values.
• +Four independent notification channels: terminal pop-up, email, push to mobile, and sound. Use any combination.
• +Settings and levels persist to disk, so they survive chart reloads and terminal restarts.
• +Free and open-source under Apache-2.0, so you can read or modify the code, and the same build works on MT4 and MT5.
• +Choice of which price to watch (Ask/Bid, Ask only, Bid only, or previous candle close) adds useful precision.
• +Auto-removes duplicate panels and includes a dark-mode option for cleaner chart setups.
• −It is an alert tool, not a signal or strategy. It tells you when a level is hit, it does not tell you the level is worth trading or which way to go.
• −Email and push do not work until you separately configure your SMTP server and MetaQuotes ID in MT4. The panel cannot do that for you.
• −Alerts only fire while the terminal is running and receiving ticks. Close MT4 or lose connection and nothing is watched.
• −The lines are per-chart, so you set levels symbol by symbol rather than across a whole watchlist at once.
• −The 'exactly' alert needs price to touch the level precisely, which can be missed on fast or gappy moves.
• −Sound alerts depend on a .wav file being present in the terminal's Sounds folder.

Price Alert Panel: questions traders ask

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