Price alarm setting

[jlboxster]

Hi!

Can anybody help me on the MT4 chart. How do i set a price alarm on the chart. Also, alarm when the indicator it reaches oversold or overbought level. Say the RSI at 70 or 30 level.

Thanks!

[EugeneFXI]

Hi JL,

To set a price alert on the actual PRICE level, you can use the built-in alert functionality in Mt4.

In the Terminal box, click on the "Alerts" tab. Right-click on the empty space in the box, and choose "Create". Set up your condition parameters, and you are set to go.

For more complicated alerts, ie: RSI, you should use the FXI Price Alert indicator. This is an indicator we developed to take care of conditions that the regular MT4 alert system does not handle.

Set the input parameters like so:
alertLevel1 = the RSI level you want to use as your alert level
mode1 = 2
exactLevel = false
rsiPeriod = set this to match the period of your indicator

Thats all!

[jlboxster]

Thanks for your help Eugene. Got the price alert set but not the RSI. Rather complicated to set it on the FXI price alert indicator. Will play around with it and see what happen.