The Resistance Price Alert indicator that runs on Metatrader 4 is a handy tool that notifies you when price reaches your predetermined resistance price alert level.
It works similar to the support price alert indicator.
After loading the indicator on the chart, it appears in the form of an horizontal blue colored line.
The default blue color can be changed to whatever color you want.
You can move the blue colored resistance alert signal line up and down on the chart with your mouse button.
The indicator will alert you when price touches the blue colored resistance horizontal line.
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
The Resistance Price Alert indicator does not generate any buy or sell signals.
Please combine with an existing trading strategy or system.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Pop up window, sound, color settings & style
Indicator type: Alert
Works for any trading instrument and time frame.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Alert resistance.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.