PriceAlert

Here's how to use the BTC_PriceAlert.mq5 indicator in MetaTrader 5:

What it does

It's a custom indicator (not an EA) for BTCJPY that draws horizontal alert lines on your chart and fires a notification when price touches your specified upper or lower target. It checks the high/low of each bar (wick touches count, not just closes).


  1. Install the indicatorCopy BTC_PriceAlert.mq5 into your MT5 data folder under MQL5/Indicators (File > Open Data Folder in MetaEditor or MT5). Compile it in MetaEditor (F7), or just restart MT5 so it appears in the Navigator under Indicators.

  2. Attach it to a BTCJPY chartOpen a BTCJPY chart, find the indicator in the Navigator panel, and drag it onto the chart. It runs in the main chart window (not a subwindow), since it draws horizontal lines directly on price.

  3. Set your alert pricesIn the input dialog, set Alert_Upper to the price you want to be alerted at on the way up, and/or Alert_Lower for the price on the way down. Leave a value at 0 to disable that alert entirely.

  4. Choose notification methodsEnable any combination of: Use_Sound (plays a .wav file — customize the filename in Sound_File), Use_Popup (an on-screen Alert() popup), Use_Push (sends a push notification to the MT5 mobile app — requires MetaQuotes ID setup in MT5 options), and Use_Email (sends an email — requires SMTP settings configured in MT5 under Tools > Options > Email).

  5. Watch the chartOnce running, the indicator draws dashed lines at your target prices and shows a live comment box in the top-left with the current price, distance to each target, and whether each alert has already fired. Each alert only fires once per chart session — reattaching the indicator or restarting MT5 resets the fired flags.

A couple of notes worth knowing:

  • Push notifications need the MetaQuotes ID from your mobile MT5 app entered in Tools > Options > Notifications on the desktop terminal.
  • Email needs SMTP server, login, and password set in Tools > Options > Email, plus "Allow WebRequest/Email" enabled.
  • The alert only checks the most recently closed or forming bar's high/low, so it reacts on new ticks/bar updates — not a constant real-time tick-by-tick scan, though in practice it updates on every incoming tick since OnCalculate runs then too.

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Product Title Multi-Stage Fibonacci Structure – Wave-Based Support & Resistance English Description A Fibonacci structure designed to identify high-value price levels by preserving the Fibonacci relationships created during previous market waves. Instead of drawing Fibonacci levels only from the most recent high and low, this method keeps the important levels created during previous 1st to 5th wave structures and uses them as reference points for future price action. The key concept is simple: P
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