Jul
2

Case study: Add Chart Indicator Alert

by Kenneth on Jul. 2nd, 2009 in Tips & Tricks

This is a step by step example shows how to add alert in a chart that triggers when color of an indicator change according to color formula rule “Up Down” in color tab.

“Up Down” coloring rule change indicator plot color to up color when indicator trun up (current greater than previous) and change to down color when indicator turn down (current less than previous).

It requires two seperate alerts one for up and another for down, to monitor color change of indicator plot.

We start with a 5 minute SPY chart with colored MACD plot in pane 2. Right click on the chart and select Add Alert from the popup menu, then Alert Edit will show up.

Alert Editor

Alert Editor

Fill in the following settings:

  • Name : enter Up Alert. This field can be enter with any word of your choice as long as it does not conflict with other alert name on this chart. Name entered here will be listed on alert list.
  • Message : enter Up this is text that shows on screen when this alert is triggered.
  • Condition : enter I1 > I1(1) this means when first indicator of this chart will trigger this alert when current value of is greater than previous value.
  • Check on Popup Message Dialog to show a message on screen
  • Check on Play Sound and select sound from sound listed
    • Alert Editor with all settings

    Aert Editor with all settings

    This complete the setup for the alert itself, next we will move on to Auto Reset tab.

    Select Symbol when alert condition is reversed.

    Alert Editor Auto Reset

    Alert Editor Auto Reset

    This complete the up alert setup, check on Enabled checkbox to start the alert tracking.

    For down alert reverse alert formula in conditon (i.e. I1 < I1(1)) field, keep all other settings same as up alert to create the down alert. To see all alert within a chart right click on the chart and select Alert List from popup menu. I have attached the example chart with both up/down alert. To use export group, download export file use Group> Import package to import example alert group.

    Download File

    Chart alert example group

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