Bars Since Last EMA Touch
This indicator keeps track of how many bars since price touched any EMA last time. You can for example
set 200 EMA. Tell the script to send an alert if/when 400 bars has been reached away from the EMA 200.
- You can hide/show The EMA Line.
- You can hide/show bar Count.
- You can set X bars from EMA to get Alert.
- You can change color of The Badge and EMA line to fit your background colors.
Enjoy!
Another Indicator From The Hunter Trading Group
Cari dalam skrip untuk "alert"
888 BOT #alerts█ 888 BOT #alerts (open source)
This is an Expert Advisor 'EA' or Automated trading script for ‘longs’ and ‘shorts’, which uses only a Take Profit or, in the worst case, a Stop Loss to close the trade.
It's a much improved version of the previous ‘Repanocha’. It doesn`t use 'Trailing Stop' or 'security ()' functions (although using a security function doesn`t mean that the script repaints) and all signals are confirmed, therefore the script doesn`t repaint in alert mode and is accurate in backtest mode.
Apart from the previous indicators, some more and other functions have been added for Stop-Loss, re-entry and leverage.
It uses 8 indicators, (many of you already know what they are, but in case there is someone new), these are the following:
1. Jurik Moving Average
It's a moving average created by Mark Jurik for professionals which eliminates the 'lag' or delay of the signal. It's better than other moving averages like EMA , DEMA , AMA or T3.
There are two ways to decrease noise using JMA . Increasing the 'LENGTH' parameter will cause JMA to move more slowly and therefore reduce noise at the expense of adding 'lag'
The 'JMA LENGTH', 'PHASE' and 'POWER' parameters offer a way to select the optimal balance between 'lag' and over boost.
Green: Bullish , Red: Bearish .
2. Range filter
Created by Donovan Wall, its function is to filter or eliminate noise and to better determine the price trend in the short term.
First, a uniform average price range 'SAMPLING PERIOD' is calculated for the filter base and multiplied by a specific quantity 'RANGE MULTIPLIER'.
The filter is then calculated by adjusting price movements that do not exceed the specified range.
Finally, the target ranges are plotted to show the prices that will trigger the filter movement.
Green: Bullish , Red: Bearish .
3. Average Directional Index ( ADX Classic) and ( ADX Masanakamura)
It's an indicator designed by Welles Wilder to measure the strength and direction of the market trend. The price movement is strong when the ADX has a positive slope and is above a certain minimum level 'ADX THRESHOLD' and for a given period 'ADX LENGTH'.
The green color of the bars indicates that the trend is bullish and that the ADX is above the level established by the threshold.
The red color of the bars indicates that the trend is down and that the ADX is above the threshold level.
The orange color of the bars indicates that the price is not strong and will surely lateralize.
You can choose between the classic option and the one created by a certain 'Masanakamura'. The main difference between the two is that in the first it uses RMA () and in the second SMA () in its calculation.
4. Parabolic SAR
This indicator, also created by Welles Wilder, places points that help define a trend. The Parabolic SAR can follow the price above or below, the peculiarity that it offers is that when the price touches the indicator, it jumps to the other side of the price (if the Parabolic SAR was below the price it jumps up and vice versa) to a distance predetermined by the indicator. At this time the indicator continues to follow the price, reducing the distance with each candle until it is finally touched again by the price and the process starts again. This procedure explains the name of the indicator: the Parabolic SAR follows the price generating a characteristic parabolic shape, when the price touches it, stops and turns ( SAR is the acronym for 'stop and reverse'), giving rise to a new cycle. When the points are below the price, the trend is up, while the points above the price indicate a downward trend.
5. RSI with Volume
This indicator was created by LazyBear from the popular RSI .
The RSI is an oscillator-type indicator used in technical analysis and also created by Welles Wilder that shows the strength of the price by comparing individual movements up or down in successive closing prices.
LazyBear added a volume parameter that makes it more accurate to the market movement.
A good way to use RSI is by considering the 50 'RSI CENTER LINE' centerline. When the oscillator is above, the trend is bullish and when it is below, the trend is bearish .
6. Moving Average Convergence Divergence ( MACD ) and ( MAC-Z )
It was created by Gerald Appel. Subsequently, the histogram was added to anticipate the crossing of MA. Broadly speaking, we can say that the MACD is an oscillator consisting of two moving averages that rotate around the zero line. The MACD line is the difference between a short moving average 'MACD FAST MA LENGTH' and a long moving average 'MACD SLOW MA LENGTH'. It's an indicator that allows us to have a reference on the trend of the asset on which it is operating, thus generating market entry and exit signals.
We can talk about a bull market when the MACD histogram is above the zero line, along with the signal line, while we are talking about a bear market when the MACD histogram is below the zero line.
There is the option of using the MAC-Z indicator created by LazyBear, which according to its author is more effective, by using the parameter VWAP ( volume weighted average price ) 'Z-VWAP LENGTH' together with a standard deviation 'STDEV LENGTH' in its calculation.
7. Volume Condition
Volume indicates the number of participants in this war between bulls and bears, the more volume the more likely the price will move in favor of the trend. A low trading volume indicates a lower number of participants and interest in the instrument in question. Low volumes may reveal weakness behind a price movement.
With this condition, those signals whose volume is less than the volume SMA for a period 'SMA VOLUME LENGTH' multiplied by a factor 'VOLUME FACTOR' are filtered. In addition, it determines the leverage used, the more volume , the more participants, the more probability that the price will move in our favor, that is, we can use more leverage. The leverage in this script is determined by how many times the volume is above the SMA line.
The maximum leverage is 8.
8. Bollinger Bands
This indicator was created by John Bollinger and consists of three bands that are drawn superimposed on the price evolution graph.
The central band is a moving average, normally a simple moving average calculated with 20 periods is used. ('BB LENGTH' Number of periods of the moving average)
The upper band is calculated by adding the value of the simple moving average X times the standard deviation of the moving average. ('BB MULTIPLIER' Number of times the standard deviation of the moving average)
The lower band is calculated by subtracting the simple moving average X times the standard deviation of the moving average.
the band between the upper and lower bands contains, statistically, almost 90% of the possible price variations, which means that any movement of the price outside the bands has special relevance.
In practical terms, Bollinger bands behave as if they were an elastic band so that, if the price touches them, it has a high probability of bouncing.
Sometimes, after the entry order is filled, the price is returned to the opposite side. If price touch the Bollinger band in the same previous conditions, another order is filled in the same direction of the position to improve the average entry price, (% MINIMUM BETTER PRICE ': Minimum price for the re-entry to be executed and that is better than the price of the previous position in a given %) in this way we give the trade a chance that the Take Profit is executed before. The downside is that the position is doubled in size. 'ACTIVATE DIVIDE TP': Divide the size of the TP in half. More probability of the trade closing but less profit.
█ STOP LOSS and RISK MANAGEMENT.
A good risk management is what can make your equity go up or be liquidated.
The % risk is the percentage of our capital that we are willing to lose by operation. This is recommended to be between 1-5%.
% Risk: (% Stop Loss x % Equity per trade x Leverage) / 100
First the strategy is calculated with Stop Loss, then the risk per operation is determined and from there, the amount per operation is calculated and not vice versa.
In this script you can use a normal Stop Loss or one according to the ATR. Also activate the option to trigger it earlier if the risk percentage is reached. '% RISK ALLOWED' wich is calculated according with: '%EQUITY ON EACH ENTRY'. Only works with Stop Loss on 'NORMAL' or 'BOTH' mode.
'STOP LOSS CONFIRMED': The Stop Loss is only activated if the closing of the previous bar is in the loss limit condition. It's useful to prevent the SL from triggering when they do a ‘pump’ to sweep Stops and then return the price to the previous state.
█ ALERTS
There is an alert for each leverage, therefore a maximum of 8 alerts can be set for 'long' and 8 for 'short', plus an alert to close the trade with Take Profit or Stop Loss in market mode. You can also place Take Profit limit and Stop Loss limit orders a few seconds after filling the position entry order.
- 'MAXIMUM LEVERAGE': It is the maximum allowed multiplier of the % quantity entered on each entry for 1X according to the volume condition.
- 'ADVANCE ALERTS': There is always a time delay from when the alert is triggered until it reaches the exchange and can be between 1-15 seconds. With this parameter, you can advance the alert by the necessary seconds to activate it earlier. In this way it can be synchronized with the exchange so that the execution time of the entry order to the position coincides with the opening of the bar.
The settings are for Bitcoin at Binance Futures (BTC: USDTPERP) in 15 minutes.
For other pairs and other timeframes, the settings have to be adjusted again. And within a month, the settings will be different because we all know the market and the trend are changing.
ATR with Impulse AlertsThis is a very simple script which simply plots an ATR (the built-in ATR function, using RMA) and plots a cross when the previously closed bar is larger than the ATR by a given threshold. There are also alert conditions set so you can be alerted when these impulse bars show up, either up or down bars. Have fun and safe trading!
Woodies CCI Trading System - Patterns - AlertsWoodies CCI Trading System - Patterns (Alert Mode) .
The Woodies CCI was initially designed for trading Stocks, Options and the Future Market.
However, different styles of traders can make use of it in various markets and any chart timeframes.
The Woodies CCI Trading System - Patterns takes a Strategy Builder like approach and can be easily configured to scan simultaneously for any available pattern.
The purpose of this tool is to compress everything down to 1 alert to warn of any opportunities, and it can also be automated .
To further improve the success rate , the patterns' performance can be studied with the help of the Strategy Tester .
The Strategy Tester Mode allows for instant backtesting on historical data.
It can assist in determining the right combination of patterns and exit rules , and it can help decide which patterns are better for which market.
This trading system contains all the particular features as described by Woodie, and more.
▪ Pattern Recognition (entry signals based on well-defined patterns)
- Trade patterns that are in agreement with the established trend
1. Zero-Line Reject (ZLR)
2. Trend Line Break (TLB) - with the trend
3. Horizontal Trend Line Break (HTLB) - with the trend
4. Tony Trade (TT)
5. GB100 (GB)
6. Reverse Divergence (RD)
- Trade patterns that are against the trend (these patterns indicate the possibility of a change in trend direction and are recommended for experienced traders)
1. Shamu Trade (ST)
2. The Famir Trade (FT)
3. Vegas Trade (VT)
4. Ghost Trade (GT)
5. Hook From Extreme (HFE)
6. Trend Line Break (TLB) - counter-trend
7. Horizontal Trend Line Break (HTLB) - counter-trend
▪ Exit rules
1. CCI Trend Line Breaks
2. CCI crossing back through the 100 lines
3. TCCI hooking or going flat, not moving, or no progress
4. CCI hook from extremes
5. Profit target hit
6. CCI forming a flat top formation
7. CCI crossing a Horizontal Trend Line
8. When the LSMA disagrees with the trade
9. CCI crossing the Zero-Line (ZL)
▪ WCCI Histogram coloring based on Woodie's trend definition
- Blue for Uptrend
- Red for Downtrend
- Gray for No Trend
- Yellow for trend establishment
▪ The LSMA is on the Zero-Line - it is the 25 period Least Squares Moving Average (it shows the ZL as a series of red and green segments)
- Red segments - the market price is below LSMA
- Green segments - the market price is above LSMA
▪ Chop Zone Indicator (CZI) - Positioned on the levels +100 and -100 (it shows market direction)
- Cyan shows up market
- Brown shows down market
- Multiple colors show market in a sideways mode
▪ Sidewinder Indicator (SI) - Positioned on the levels +200 and -200
- Red shows a flat or non-trending market
- Yellow shows a trending market
- Green shows a strong trending market
▪ The Woodies CCI (14) is indicated with the fuchsia color
▪ WCCI length auto-change to 20 on 1-hour chart intervals and higher
▪ The Turbo CCI (6) has a dark red color
▪ TWCCI auto-hide on 1-hour chart intervals and higher
▪ Early Alert Functionality available (eg 20 seconds before the signal is considered valid)
▪ Simplified Alerts
- An all in one alert
- Alerts for entry triggers
- Alerts for exit conditions
▪ Some Pattern Statistics are available on the chart in a panel
Simple Steps to set it up:
1 - Choose at least 1 pattern ( with-the-trend patterns are friendlier than the counter-trend ones)
2 - Choose at least 1 exit condition
3 - Set the alerts (1 for Entry and 1 for Exit, or 1 alert running for both Entry and Exit)
For Beginners:
For the new trader, the trend continuation patterns are easier to manage.
Newcomers should stick to trend-following patterns until they feel very confident!
Here are Three Entry Choices:
1 - Conservative -
Wait until the bar closes to enter - This is the easiest to execute.
2 - Conservative to Aggressive -
Woodie would like the beginner to enter the market if, with 20 seconds left in the bar, a valid CCI pattern presents itself.
3 - Very Aggressive -
Enter trade as soon as the bar indicates a signal during price bar formation. This is for experienced traders, as the signal conditions are final at the close of the bar and the intra-bar changes are not recorded.
Your implicit learned skills are put to the test here. Be fair to yourself and allow yourself time to grow and improve your skills.
You are strongly urged to follow the Option 2.
Money Management: Apply an Initial Protective Stop; Use Trade Exits; Study the past performance - Statistics (Strategy Tester Mode).
Related Tools:
Woodies-CCI Trading System - Patterns - Strategy Tester
Risk Management System (Stop Loss, Take Profit, Trailing Stop Loss, Trailing Take Profit) - it can be connected to the Woodies-CCI Trading System - Patterns - Alerts
Early/Delayed Signal Explained
lamBOTghini-ALERTador & SL/TP V3Es un algoritmo de combinación de EMAs.
Si utilizas “close” en las 3 EMA como fuente repintará más (aunque repintar es otra cosa pero para que se entienda) aunque gráficamente parezca la mejor opción.
Por el contrario, si utilizas “high” u “open” el repintado es inexistente pero se pierde rentabilidad.
Así que es ir probando, aunque para mi esta es la más equilibrada. Tú eliges...
Tiene una alerta doble Buy / Sell para los que no son pro y solo pueden poner una solamente.
Lleva como siempre Take profit y Stop Loss, aunque el Stop Loss mejor en el Exchange.
BO Swing Finder R0.6 by JustUncleLThis indicator alert study attempts to detect confirmed Swing points. It uses Bollinger Band centre line crosses as the main signal. The main detection occurs by looking for the first BB centre line cross that was initiated from outside the Bollinger Channel (alternatively KC channel can be used).
The optional HullMA (any any other MA pair) are used to confirm the swing direction. The indicator also plots the two KitKat Support and Resistance lines with optional High/Low labelling on KitKat1 lines.
This indicator tool is suitable for any time frame and can be traded with Binary Option (even 1min) orders (2-3 candle expiry) or as Forex trade orders. It is suitable for Currencies, Cryptocurrencies and Metals. May also be useful on other markets as well.
The MA filtering options, each MA line can be a different type, with an optional offset:
SMA = Simple Moving Average.
EMA = Exponential Moving Average.
WMA = Weighted Moving Average
VWMA = Volume Weighted Moving Average
SMMA = Smoothed Simple Moving Average.
DEMA = Double Exponential Moving Average
TEMA = Triple Exponential Moving Average.
HullMA = Hull Moving Average, fast moving MA.
SSMA = Ehlers Super Smoother Moving average, similar results to HullMA.
ZEMA = Near Zero Lag Exponential Moving Average.
TMA = Triangular (smoothed) Simple Moving Average.
NOTE: The signal calculations do occur on the current candle, so the state of the signal may re-build until the current candle is closed. I have designed the script to behave this way on purpose. This gives traders the option of
preparing their trade early or even taking the trade early if they want. Otherwise the trader can be more conservative and wait for signal candle to close, to give them a confirmed signal. (This is NOT re-painting as the historical signal states are fixed and will not change, unless you change some setup options.)
Hints:
1) As with all indicator and alerting tools, not all signals will yield a tradable successful swing. You need to apply you own analysis on each signal to determine the probability of success.
2) When using the MA to filter the signals you should use it for two types of filtering:
Supportive that confirm swing like fast moving MAs with fairly short lengths, eg HullMA(21,25).
Long Term Direction with smoother longer length MAs like SMMA(180,220) to show up swings back into direction of the longer term trends.
Inspiration: @Lyiness
References:
Momentum VMA KITKAT CROSS v2.1 by vdubus (- Vdubus_Channel www.vdubus.co.uk)
ma btc Multiple MA Convergence Alertbtc and eth ma15 20 50 200if converge
alert("EMA15, MA20, MA50, MA200 are converging/overlap crossing!", alert.freq_once_per_bar_close)
EMA 200 MultiTF G/R + Cross Alerts by LifeHack Trader1. Indicator Setup
The script starts by defining the version of Pine Script (v5) and creating an indicator called "EMA 200 MultiTF G/R + Cross Alerts by LifeHack Trader."
The overlay=true parameter ensures that the indicator is plotted directly on the price chart.
2. Function to Get EMA200
A custom function getEma200 is defined to retrieve the 200-period Exponential Moving Average (EMA) for a specified timeframe (tf).
This function uses the request.security function to fetch the close price's EMA from different timeframes.
3. Calculate EMA200 for Multiple Timeframes
The script calculates the EMA200 for four timeframes: 15 minutes ("15"), 1 hour ("60"), 4 hours ("240"), and 1 day ("D").
These values are stored in variables (ema15, ema1h, ema4h, ema1d) and represent the EMA for each timeframe.
4. Determine Price Above or Below EMA200 (G/R)
For each timeframe, the script checks whether the closing price is above or below the EMA200.
It uses boolean checks to determine if the price is above the EMA200, assigning the status "G" (Green) for above and "R" (Red) for below.
5. Cross Signal Detection (Up/Down)
The script detects crossovers and crossunders between the price and EMA200 for each timeframe.
A crossover signal is detected when the price crosses above the EMA200 (bullish), and a crossunder signal is detected when the price crosses below the EMA200 (bearish).
These signals are stored in separate variables (crossUp, crossDown).
6. Display a Table with G/R Status and Cross Alerts
A table is created and displayed in the top-right corner of the chart. The table shows the status (G or R) for each timeframe and the cross signal (▲ for crossover, ▼ for crossunder, or - for no cross event).
The table is updated with the respective values for each timeframe every time a new bar is formed.
7. Alert Conditions
The script defines alert conditions based on the crossovers and crossunders.
When a price crosses above the EMA200 (cross-up), an alert is triggered for a potential buy opportunity. When the price crosses below the EMA200 (cross-down), an alert is triggered for a potential sell opportunity.
Alerts are configured for each timeframe (15 minutes, 1 hour, 4 hours, and 1 day).
This script provides a comprehensive system for monitoring price action relative to the EMA200 on multiple timeframes, highlighting crossovers, and delivering visual feedback and alerts based on the price's relationship with the EMA.
15/30M Alerts"X Candle Close":
Same as in 5m Enter alert: it's really helpful to wait for a 15m/30m candle to be confirmed, to see f. e. whether a candle really broke a support / resistance or not - and to prevent making bad decisions.
More infos: www.reddit.com
Xcalibur Signals & Alerts [AlgoXcalibur]An advanced trend-following algorithm forged to empower retail traders with an edge.
Xcalibur Signals & Alerts is a sophisticated, multi-layered algorithm designed to consistently deliver real-time trend signals—without clutter or unnecessary complexity. The system combines refined trend-following logic with breakout detection, flat-market filtration, false signal failsafes, take profit cues, live alerts, and more — all in a visually simple, easy-to-use indicator built for all assets, timeframes, and market conditions.
🧠 Algorithm Logic
Xcalibur Signals & Alerts operates on a systematic framework that evaluates multiple technical dimensions in harmony—directional alignment, momentum confirmation, relative strength, volume bias, breakout detection, Fibonacci calculations, and more. Rather than reacting to isolated triggers, it filters every opportunity through a multi-layered confirmation engine. It doesn’t just react to every move—it evaluates them. This cohesive approach ensures that each signal results from aligned conditions—not arbitrary thresholds. By combining structural awareness with adaptive filtering, Xcalibur maintains clarity and consistency across a wide range of market environments—delivering actionable signals without unnecessary noise or lag.
⚙️ User-Adjustable Features
• Adjustable Sensitivity:
Choose from 5 pre-tuned Signal Trigger Settings and 3 dynamic Confirmation Filter Modes to tailor the system to your trading style, asset, and timeframe. Candle color reflects the active trigger condition, while an adaptive cyan line displays the selected Confirmation Filter—blocking signals until the filter threshold is crossed.
• Directional Stability Filter: When enabled, this filter uses mean-reversion calculations to determine directional bias and block unreliable signals during choppy, indecisive price action. A magenta line represents this filter threshold and provides higher-confidence signals during periods of low directional conviction.
• Pullback Allowance Filter:
When enabled, this unique filter uses Fibonacci ratios to deliberately block signals from temporary pullbacks during strong trend periods. A green (uptrend) or red (downtrend) line marks the active pullback allowance zone.
• False Signal Failsafe
:
Two selectable modes:
Simple — Cancels the signal if price breaks the signal candle’s high or low.
Advanced — Requires both a price break and opposing momentum confirmation.
When triggered, the system plots a white “X” signal, turns candles gray, disables the background color, sends an alert (if enabled), and enters standby mode until a valid trend condition re-emerges.
• Reaction Zones:
Identifies probable reversal or breakout zones based on recent price action patterns. A yellow line appears when active, with a yellow caution flag plotted if the price reaches this critical area.
• Take-Profit Cues
: Automatically detects potential trend exhaustion using price action structure and momentum shifts. When triggered, a visual “TP” marker is plotted—advising traders to manage profits or prepare for a possible reversal.
• Trailing Stop:
Plots a dynamic, percentage-based trailing stop or trailing take-profit using your selected input. Adjust it to suit your risk tolerance and asset.
• Multi-Timeframe Monitor
: Displays real-time trend direction across 1m, 2m, 5m, 15m, 1H, 4H, and 1D timeframes in a compact, easy-to-read table.
• Alert System
:
Receive desktop and/or mobile alerts for:
* New trend signals
* Failsafe triggers
* 9:00 AM Morning Greeting messages with auto re-arming confirmation
(Alerts are limited to 9:00 AM – 4:00 PM Eastern Time)
• SuperCandles
: Highlights strong momentum moves with a stunning and easily recognizable glow effect.
• Color-Coded Candles & Background
: Candles reflect the current trigger condition, while the background tint tracks the most recent trend—enhancing situational awareness.
*All input settings include tooltips to guide users through setup and interpretation.
⚔️ Not Just Another Signal Tool
Xcalibur Signals & Alerts was built from the ground up to empower retail traders with access to a cohesive, structured algorithmic system—one that reflects the kind of awareness, discipline, and market adaptability found in professional-grade algorithms.
This is not another oversensitive or under-responsive signal indicator that is limited to one specific type of market condition or trader. It does not utilize hyperactive triggers, rely on lagging crossover logic, or need infinitely adjustable and complex sensitivity settings. Instead of cluttered visuals to interpret, this indicator delivers a simple, easy-to-use tool—prioritizing clarity and usability without compromising on depth and sophistication.
Whether the market is trending, breaking out, or moving sideways, Xcalibur adapts—prioritizing trend stability, directional integrity, and visual clarity from one signal to the next.
⚠️ While the Xcalibur Signals & Alerts algorithm is immune to human emotion, you are not. Be mindful not to fall victim to costly emotions that can manipulate your judgment, and understand the unpredictable and complex nature of trading. No algorithm, strategy, or technique can deliver perfect accuracy, and Xcalibur Signals & Alerts is no exception. While AlgoXcalibur strives to be as accurate as possible, incorrect signals can and will occur. Xcalibur Signals & Alerts is a tool, not a guarantee. Users are fully responsible for making their own trading decisions, implementing proper risk management, and always trading responsibly.
🛡️ Wield Xcalibur as a standalone weapon or use it alongside other tools.
🔐 To get access or learn more, visit the Author’s Instructions section.
MA Cross MTF Alert (Miu)This script extends the classic moving average crossover strategy with support for up to 8 user-defined symbols across 4 custom timeframes, combined with a visual and alert system designed for traders who monitor multiple assets simultaneously.
Unlike traditional MA crossover tools, this script enables traders to receive real-time alerts for crossovers across multiple assets and timeframes, even when the script is not actively displayed on the chart — ideal for passive monitoring in multi-asset strategies.
What it does:
This script calculates two customizable moving averages (SMA or EMA) for each selected symbol and timeframe.
It then tracks crossover events:
- Bullish crossover when the fast MA crosses above the slow MA
- Bearish crossunder when the fast MA crosses below the slow MA
On the chart, it also displays the crossover signals for the current symbol and timeframe using color-coded cross icons.
Key features:
- Select SMA or EMA type for both moving averages
- Customize MA lengths and colors
- Works with any asset and timeframe
- Alerts include symbol and timeframe info for easy identification
How to use:
1) Add the indicator to your chart.
2) Choose the moving average type and lengths.
3) Enable/disable any of the 8 symbols and 4 timeframes.
4) Set up TradingView alerts by clicking “Create Alert” and selecting one of the alert() calls.
5) You will receive a message like:
BTC (1h) | MA Crossover ▲ or ETH (15m) | MA Crossunder ▼
Technical note:
This script uses request.security() to retrieve moving average values from up to 8 different symbols and 4 different timeframes in real time.
Feel free to leave your feedback or suggestions in the comments section below.
Enjoy!
VWAP Double Touch Alert (Timeframe-Aware)📌 VWAP Double Touch Alert — Smart Re-entry Signal for Precision Traders
Take your VWAP trading to the next level with this intelligent indicator that filters out the noise and zeroes in on high-probability re-entry setups.
💡 How it works:
This script tracks every time price touches the VWAP line and alerts you when it happens twice within a defined window of time (adjustable per your timeframe). This is often a sign of smart money accumulation, potential reversals, or explosive breakouts.
🔍 Why Traders Love It:
✅ Filters out weak signals — only alerts on confirmed double touches
✅ Fully adjustable VWAP zone sensitivity
✅ Selectable timeframe profiles or custom window (1m, 5m, 15m, 30m, etc.)
✅ Clean visual cues with minimal chart clutter
✅ Perfect for scalping, intraday reversals, or VWAP mean-reversion strategies
⚙️ Customization:
VWAP zone width (in %)
Time window in bars or automatic based on timeframe
Custom alert messages
Alert only triggers once per double-touch event to avoid spamming
🎯 Best For:
Crypto scalpers & day traders
VWAP bounce and mean-reversion traders
Traders who want clean, conclusive entry alerts without lag
EMA Crossover Strategy with Trailing Stop and AlertsPowerful EMA Crossover Strategy with Dynamic Trailing Stop and Real-Time Alerts
This strategy combines the simplicity and effectiveness of EMA crossovers with a dynamic trailing stop-loss mechanism for robust risk management.
**Key Features:**
* **EMA Crossover Signals:** Identifies potential trend changes using customizable short and long period Exponential Moving Averages.
* **Trailing Stop-Loss:** Automatically adjusts the stop-loss level as the price moves favorably, helping to protect profits and limit downside risk. The trailing stop percentage is fully adjustable.
* **Visual Buy/Sell Signals:** Clear buy (green upward label) and sell (red downward label) signals are plotted directly on the price chart.
* **Customizable Inputs:** Easily adjust the lengths of the short and long EMAs, as well as the trailing stop percentage, to optimize the strategy for different assets and timeframes.
* **Real-Time Alerts:** Receive instant alerts for buy and sell signals, ensuring you don't miss potential trading opportunities.
**How to Use:**
1. Add the strategy to your TradingView chart.
2. Customize the "Short EMA Length," "Long EMA Length," and "Trailing Stop Percentage" in the strategy's settings.
3. Enable alerts in TradingView to receive notifications when buy or sell signals are generated.
This strategy is intended to provide automated trading signals based on EMA crossovers with built-in risk management. Remember to backtest thoroughly on your chosen instruments and timeframes before using it for live trading.
#EMA
#Crossover
#TrailingStop
#Strategy
#TradingView
#TechnicalAnalysis
#Alerts
#TradingStrategy
Delta Volume Histogram with Filters and AlertsОписание (Russian):
Индикатор "Delta Volume Histogram" определяет дельту объёма и отображает её в виде гистограммы. Он показывает разницу между объёмами покупок и продаж, с возможностью фильтрации значений и вызова алертов.
Функции:
Фильтр для отображения только значений выше заданного порога.
Режим отображения всех значений выше нуля.
Алерт при появлении дельты, превышающей установленный фильтр.
Description (English):
The "Delta Volume Histogram" indicator calculates volume delta and displays it as a histogram. It highlights the difference between buy and sell volumes, with options for filtering values and triggering alerts.
Features:
Filter to display only values above a specified threshold.
**Features (continued):**
- Mode to display both positive and negative delta values above the zero line for better visualization.
- Alert functionality that notifies you when the delta volume exceeds the specified filter value.
This indicator is ideal for traders who want to track buying and selling pressure in the market, helping to identify strong movements and potential reversals based on volume delta analysis.
SPX Open vs SMA AlertThis indicator is specifically designed to identify the first market-relevant candle of the S&P 500 (SPX) after the market opens. The opening price of the trading day is compared to a customizable simple moving average (SMA) period. A visual marker and an alert are triggered when the opening price is above the SMA. Perfect for traders seeking early market trends or integrating automated trading strategies.
Features:
Market Open: The indicator uses the New York market open time (09:30 ET), accounting for time zones and daylight saving time changes.
Flexible Time Offset: Users can set a time offset to trigger alerts after the market opens.
Customizable SMA: The SMA period is adjustable, with a default value of 10.
Visual Representation: A step-line SMA is plotted directly on the chart with subtle transparency and clean markers.
Alert Functionality: Alerts are triggered when conditions are met (opening price > SMA).
Usage:
This indicator is ideal for identifying relevant trading signals early in the session.
Alerts can also serve as triggers for automated trading, e.g., in conjunction with the Trading Automation Toolbox.
Supports both intraday and daily charts.
Alarm Settings:
Select the appropriate symbol (e.g., SPX) and the alert condition "SPX Open > SMA10".
Trigger Settings:
Choose "Once Per Bar Close" to ensure the condition is evaluated at the end of each candle.
If you prefer to evaluate the condition immediately when it becomes true, choose "Once Per Minute".
Duration:
Set the alarm to "Open-ended" if you want it to remain active indefinitely.
Alternatively, set a specific expiration date for the alarm.
Enhanced Trading Alerts# Enhanced Multi-Symbol EMA Trading System with Smart Alerts
## 📊 Overview
A powerful multi-symbol trading system that monitors up to 6 symbols simultaneously for high-probability trading setups using advanced EMA crossover strategies, enhanced with volume confirmation and RSI filters. Perfect for swing traders and position traders focusing on quality tech stocks.
## 🎯 Key Features
- **Multi-Symbol Monitoring**: Simultaneously tracks 6 different symbols
- **Advanced EMA Strategy**: Uses dual EMA system (320 & 820 periods) for trend confirmation
- **Volume Validation**: Confirms signals with volume surge analysis
- **RSI Filter**: Adds momentum confirmation to avoid false signals
- **Smart Risk Management**: Automatic stop-loss and take-profit calculations
- **Detailed Alerts**: Comprehensive alert messages with key price levels
## 📈 Trading Signals
### Buy Signals Generated When:
- Price crosses above the slow EMA (820)
- Fast EMA (320) confirms the trend
- RSI is in optimal range (not overbought)
- Volume surge confirms the movement
- Risk levels automatically calculated
### Sell Signals Generated When:
- Price crosses below the slow EMA (820)
- Fast EMA (320) confirms the downtrend
- RSI confirms momentum shift
- Volume surge validates the movement
## ⚙️ Customizable Parameters
- **EMA Lengths**: Adjust fast and slow EMA periods
- **Volume Threshold**: Set minimum volume surge multiplier
- **RSI Settings**: Customize overbought/oversold levels
- **Risk Management**: Adjustable stop-loss and take-profit percentages
- **Symbol Selection**: Choose any 6 symbols to monitor
## 🎨 Visual Elements
- Blue line: Fast EMA (320)
- Red line: Slow EMA (820)
- Purple line: RSI indicator
- Clear visual representation of trend changes
## 📱 Smart Alerts
Detailed alert messages include:
- Symbol name and signal type
- Current price level
- RSI value
- Stop-loss price
- Take-profit target
- Volume surge multiplier
## 💡 Best Practices
1. **Timeframe Selection**:
- Best suited for 1H, 4H, or Daily timeframes
- Can be adapted for swing or position trading
2. **Risk Management**:
- Use suggested stop-loss levels
- Follow take-profit targets
- Consider volume confirmation strength
3. **Multiple Chart Setup**:
- Create multiple instances for more symbols
- Group correlated assets together
- Use different alert sounds for different setups
## 🎓 Usage Tips
- Monitor strongest tech stocks for best results
- Combine with market sentiment analysis
- Use volume surge as quality filter
- Wait for all conditions to align before trading
- Consider overall market conditions
## ⚠️ Risk Warning
This indicator is for informational purposes only. Always conduct your own analysis and consider your risk tolerance before trading. Past performance does not guarantee future results.
## 📌 Version History
- v1.0: Initial release with multi-symbol support
- v1.1: Added volume surge confirmation
- v1.2: Enhanced alert system with risk levels
- v1.3: Added RSI filter and improved signal quality
## 🔄 Regular Updates
Subscribe to this script for regular updates and improvements. Feel free to suggest features in the comments section.
## 📗 Default Symbols
- TSLA (Tesla)
- NVDA (NVIDIA)
- AVGO (Broadcom)
- TSM (Taiwan Semiconductor)
- META (Meta Platforms)
- AMZN (Amazon)
You can customize these symbols to match your trading preferences.
Good luck trading! 🍀
Cumulative Volume Delta Custom AlertDescription
This script calculates and visualizes the Cumulative Volume Delta (CVD) on multiple timeframes, enabling traders to monitor volume-based price action dynamics. The CVD is calculated based on up and down volume approximations and displayed as a candle plot, with color-coded alerts when significant changes occur.
Key Features:
Multi-Timeframe Analysis: The script uses a customizable anchor period and a lower timeframe for scanning, allowing it to capture more granular volume movements.
Volume-Based Trend Detection: Plots CVD candles with color indicators (teal for increasing volume delta, red for decreasing), helping traders to visually track volume trends.
Dynamic Alerts for Volume Shifts:
Triggers an alert when there is a significant (over 25%) change in CVD between consecutive periods.
The alert marker color adapts based on the current CVD value:
Blue when the current CVD is positive.
Yellow when the current CVD is negative.
Markers are placed above bars for volume increases and below for volume decreases, simplifying visual analysis.
Customizable Background Highlight: Adds a background highlight to emphasize significant CVD changes.
Use Cases:
Momentum Detection: Traders can use alerts on large volume delta changes to identify potential trend reversals or continuation points.
Volume-Driven Analysis: CVD helps distinguish buy and sell pressure across different timeframes, ideal for volume-based strategies.
How to Use
Add the script to your TradingView chart.
Configure the anchor and lower timeframes in the input settings.
Set up alerts to receive notifications when a 25% change in CVD occurs, with color-coded markers for easy identification.
Digital Clock with Market Status and AlertsDigital Clock with Market Status and Alerts - 日本語解説は下記
Overview:
The Digital Clock with Market Status and Alerts indicator is designed to display the current time in various global time zones while also providing the status of major financial markets such as Tokyo, London, and New York. This indicator helps traders monitor the open and close times of different markets and alerts them when a market opens. Customizable options are provided for table positioning, background, text colors, and font size.
Key Features:
Real-Time Digital Clock: The indicator shows the current time in your selected time zone (Asia/Tokyo, America/New_York, Europe/London, Australia/Sydney). The time updates in real-time and includes hours, minutes, and seconds, providing a convenient and accurate way to monitor time across different trading sessions.
Global Market Status: Displays the open or closed status of major financial markets.
・Tokyo Market: Open from 9:00 AM to 3:00 PM (JST).
・London Market: Open from 16:00 to 24:00 during summer time and from 17:00 to 1:00 during winter time (JST).
・New York Market: Open from 21:00 to 5:00 during summer time and from 22:00 to 6:00 during winter time (JST).
Customizable Display:
・Background Color: The indicator allows you to set the background color for the clock display, while the leftmost empty cell can be independently customized with its own background color for table alignment.
・Clock and Market Status Colors: Separate color options are available for the clock text, market status during open, and market status during closed periods.
・Text Size: You can adjust the size of the text (small, normal, large) to fit your preferences.
・Table Position: You can position the digital clock and market status table in different locations on the chart: top left, top center, top right, bottom left, bottom center, and bottom right.
Alerts for Market Opening: The indicator will trigger alerts when a market (Tokyo, London, or New York) opens, notifying traders in real-time. This can help ensure that you don't miss any important market openings.
How to Use:
Setup:
Apply the Indicator: Add the Digital Clock with Market Status and Alerts indicator to your chart. Customize the time zone, text size, background colors, and table position based on your preferences.
Monitor Market Status: Watch the market status displayed for Tokyo, London, and New York to keep track of market openings and closings in real-time.
Receive Alerts: The indicator provides built-in alerts for market openings, helping you stay informed when a key market opens for trading.
Time Monitoring:
・Real-Time Clock: The current time is displayed with hours, minutes, and seconds for accurate tracking. The clock updates every second and reflects the selected time zone.
・Global Time Zones: Choose your desired time zone (Tokyo, New York, London, Sydney) to monitor the time most relevant to your trading strategy.
Market Status:
・Tokyo Market: The status will display "Tokyo OPEN" when the Tokyo market is active, and "Tokyo CLOSED" when it is outside of trading hours.
・London Market: Similarly, the indicator will show "London OPEN" or "London CLOSED" depending on whether the London market is currently active.
・New York Market: The New York market status follows the same structure, showing "NY OPEN" or "NY CLOSED."
Customization:
・Table Positioning: Easily move the table to the desired location on the chart to avoid overlap with other chart elements. The leftmost empty cell helps with alignment.
・Text and Background Color: Adjust the text and background colors to suit your personal preferences. You can also set independent colors for open and closed market statuses to easily distinguish between them.
Cautions and Disclaimer:
・Indicator Modifications: This indicator may be updated without prior notice, which could change or remove certain features.
・Trade Responsibility: This indicator is a tool to assist your trading, but responsibility for all trades remains with you. No guarantee of profit or success is implied, and losses can occur. Use it alongside your own analysis and strategy.
Digital Clock with Market Status and Alerts - 解説と使い方
概要:
Digital Clock with Market Status and Alerts インジケーターは、さまざまな世界のタイムゾーンで現在の時刻を表示し、東京、ロンドン、ニューヨークなどの主要な金融市場のステータスを提供します。このインジケーターにより、複数の市場のオープンおよびクローズ時間をリアルタイムで監視でき、市場がオープンする際にアラートを受け取ることができます。テーブルの位置、背景色、テキストカラー、フォントサイズなどのカスタマイズが可能です。
主な機能:
リアルタイムデジタル時計: 選択したタイムゾーン（東京、ニューヨーク、ロンドン、シドニー）の現在時刻を表示します。リアルタイムで更新され、時間、分、秒を正確に表示します。
世界の市場ステータス: 主要な金融市場のオープン/クローズ状況を表示します。
・東京市場: 午前9時～午後3時（日本時間）。
・ロンドン市場: 夏時間では16時～24時、冬時間では17時～1時（日本時間）。
・ニューヨーク市場: 夏時間では21時～5時、冬時間では22時～6時（日本時間）。
カスタマイズ可能な表示設定:
・背景色: 時計表示の背景色を設定できます。また、テーブルの左側に空白のセルを配置し、独立した背景色を設定することでテーブルの配置調整が可能です。
・時計と市場ステータスの色: 時計テキスト、オープン市場、クローズ市場の色を個別に設定できます。
・テキストサイズ: 小、標準、大から選択し、テキストサイズをカスタマイズ可能です。
・テーブル位置: デジタル時計と市場ステータスのテーブルをチャートのさまざまな場所（左上、中央上、右上、左下、中央下、右下）に配置できます。
市場オープン時のアラート: 市場（東京、ロンドン、ニューヨーク）がオープンするときにアラートを発し、リアルタイムで通知されます。これにより、重要な市場のオープン時間を逃さないようサポートします。
使い方:
セットアップ:
インジケーターを適用: チャートに「Digital Clock with Market Status and Alerts」インジケーターを追加し、タイムゾーン、テキストサイズ、背景色、テーブル位置を好みに応じてカスタマイズします。
市場ステータスを確認: 東京、ロンドン、ニューヨークの市場ステータスをリアルタイムで表示し、オープン/クローズ時間を把握できます。
アラートを受け取る: 市場オープン時のアラート機能により、重要な市場のオープンを見逃さないように通知が届きます。
時間管理:
・リアルタイム時計: 現在の時刻が秒単位で表示され、選択したタイムゾーンに基づいて正確に追跡できます。
・グローバルタイムゾーン: 東京、ニューヨーク、ロンドン、シドニーなど、トレードに関連するタイムゾーンを選択して監視できます。
市場ステータス:
・東京市場: 東京市場が開いていると「Tokyo OPEN」と表示され、閉じている場合は「Tokyo CLOSED」と表示されます。
・ロンドン市場: 同様に、「London OPEN」または「London CLOSED」が表示され、ロンドン市場のステータスを確認できます。
・ニューヨーク市場: ニューヨーク市場も「NY OPEN」または「NY CLOSED」で現在の状況が表示されます。
カスタマイズ:
・テーブル位置の調整: テーブルの位置を簡単に調整し、チャート上の他の要素と重ならないように配置できます。左側の空白セルで位置調整が可能です。
・テキストと背景色のカスタマイズ: テキストと背景の色を自分の好みに合わせて調整できます。また、オープン時とクローズ時の市場ステータスを区別するため、独立した色設定が可能です。
注意事項と免責事項:
・インジケーターの変更: このインジケーターは、予告なく変更や機能の削除が行われる場合があります。
・トレード責任: このインジケーターはトレードをサポートするツールであり、トレードに関する全責任はご自身にあります。利益を保証するものではなく、損失が発生する可能性があります。自分の分析や戦略と組み合わせて使用してください。
ORB - Alerts, VWAP and MACD Checks, Extended Fib Levels
ORB Range Alerter with Shading, VWAP Check, MACD Check, and Extended Fibonacci Levels for TP – Fully Customizable
This indicator is designed to give you a comprehensive analysis of the Opening Range Breakout (ORB) combined with advanced conditions based on VWAP and MACD indicators, along with Extended Fibonacci Levels for both long and short TP positions.
Key Features:
Opening Range Breakout (ORB):
Defines the opening range at the market open (9:30 AM by default) based on your chart timeframe and shades it for visibility.
The high and low of the first candle after the open are plotted on the chart, creating a breakout range that traders can use to identify potential long or short positions.
VWAP Condition (Optional):
This indicator includes the option to enforce the VWAP (Volume-Weighted Average Price) as a condition for entering trades.
- Longs will only trigger if the price is above VWAP (when enabled).
- Shorts will only trigger if the price is below VWAP (when enabled).
Customizable : You can enable or disable the VWAP condition through a simple checkbox in the indicator’s settings.
MACD Condition (Optional):
Includes an optional MACD (Moving Average Convergence Divergence) condition.
- Longs will only trigger if the MACD line is above 0 and the signal line, providing confirmation of bullish momentum.
- Shorts will only trigger if the MACD line is below 0 and the signal line, indicating bearish momentum.
Customizable : You can enable or disable the MACD condition through a checkbox in the indicator’s settings, allowing you to trade with or without the MACD confirmation.
Fibonacci Extensions for Profit Targets:
Automatically calculates Fibonacci extension levels based on the ORB range for TP levels.
These levels provide key areas for potential profit-taking or reversal points.
Fibonacci extensions are plotted only after a confirmed breakout, either long or short.
The extensions include 127.2%, 161.8%, 200%, 261.8%, 423.6%, and 685.4%, offering a comprehensive set of targets for different trading strategies.
Shading of ORB Range:
The ORB high and low are visually emphasized on the chart with a shaded area for easy identification.
The shading is semi-transparent to help keep your chart clean and easy to read.
Customizable Timeframe:
The ORB range is defined based on the time of day (default is 9:30 AM to 4:00 PM), but you can adjust the timeframe to suit different trading sessions or markets.
Alerts for Breakouts:
Built-in alerts notify you when price crosses above or below the ORB high or low, along with the optional VWAP and MACD conditions.
Alerts can be used to create automated notifications or even execute automated trades based on your chosen settings.
How to Use:
Long Trade Example: When the price crosses above the ORB high, VWAP is above the price, and MACD shows bullish momentum (if these conditions are enabled), a potential long entry is triggered. You can use the Fibonacci extensions for profit targets.
Short Trade Example: When the price crosses below the ORB low, VWAP is below the price, and MACD confirms bearish momentum (if these conditions are enabled), a short entry is triggered. Fibonacci levels for the short position can guide your exit strategy.
Flexibility: You can enable or disable both VWAP and MACD conditions based on your trading style. This flexibility allows the indicator to adapt to different market conditions and strategies.
Customization Options:
Enable/Disable VWAP Condition: Decide if you want to include VWAP as a trade filter.
Enable/Disable MACD Condition: Choose whether to require MACD as confirmation for trade entries.
Adjust ORB Timeframe: Customize the time range for defining the ORB based on the market you're trading.
Fibonacci Extensions: Visualize key profit targets using Fibonacci extensions, which are automatically calculated and displayed after a breakout.
Time Zone Box & Alerts (Simplified)### Description
This Pine Script indicator is designed for TradingView and provides functionality for drawing time-based boxes on the chart, as well as generating alerts and labels. It is particularly useful for visualizing specific time ranges within each trading day and managing alerts based on those time intervals.
#### **Features:**
1. **Box Drawing for Specific Time Ranges**:
- **Time Interval Customization**: Allows users to specify the start and end times for the box using inputs (e.g., from 9:30 AM to 12:30 PM). The box will automatically adjust based on these times.
- **Historical Data**: The script calculates the high and low prices within the specified time range and draws a box accordingly. This box will be created for each trading day, capturing all relevant historical data within the defined time interval.
2. **Dynamic Alerts**:
- **Custom Alerts**: Users can define custom alert messages for specific times within the trading day (e.g., before and after the trading range). Alerts are triggered once per bar close at the specified times.
3. **Labels for Key Time Points**:
- **Customizable Labels**: Labels can be added at specific times to indicate important trading actions (e.g., "No Trade," "Open Trade," and "Close Trade"). The text, color, and size of these labels are customizable.
- **Label Display**: Labels appear on the chart at defined times to provide visual cues for trading decisions.
4. **Visual Customization**:
- **Box and Label Colors**: Users can choose colors for the box and labels to match their preferences or trading setup.
- **Box Transparency**: The box can be customized with varying levels of transparency to enhance chart visibility.
#### **Usage:**
1. **Set Up Time Intervals**: Define the start and end times for the box using the input fields. Adjust these settings to fit your trading strategy and time zones.
2. **Adjust Alerts and Labels**: Customize the alert messages and label text to fit your trading plan.
3. **Apply to Chart**: Add the script to your TradingView chart to visualize the time-based boxes, receive alerts, and see the labels.
This script helps traders visually identify significant time ranges within the trading day and receive timely alerts and labels, enhancing their decision-making process.
SMA Table with Alerts and Intersections🌟 **Presenting the Dynamic SMA Intersection Alert Indicator!** 🌟
### **Overview:**
The Dynamic SMA Intersection Alert Indicator is a sophisticated tool developed for traders seeking simplicity and effectiveness. It integrates multiple Simple Moving Averages (SMA) to deliver real-time alerts and visual cues, enabling traders to identify potential market entry points with ease.
### **Features:**
1. **Multi-SMA Visualization:**
- Incorporates four SMAs: 8, 20, 50, 200 periods.
- Displays a customizable table showing the current value of each SMA.
2. **Alerts in Real-Time:**
- Provides instant notifications for price crossings over any of the SMAs.
- Offers customizable alert messages.
3. **Visualization of Intersection Points:**
- Displays green triangles for bullish crosses and red for bearish, directly on the chart.
- Allows for the identification of precise intersection points between shorter-term and longer-term SMAs.
### **Benefits:**
- **Informed Decision-Making:** Enables quick discernment of market trends.
- **Efficiency:** Automates the tracking of SMA intersections.
- **User-Friendly:** Applicable for both novice and experienced traders.
### **How It Operates:**
- The indicator computes four different SMAs and presents their current values systematically.
- It triggers a real-time alert when the price crosses any SMA, instantly notifying the trader.
- Visual cues are plotted on the chart when any two SMAs intersect, indicating the type of cross.
### **Enhance Your Trading Experience!**
The Dynamic SMA Intersection Alert Indicator is designed to refine your trading experience and assist in making informed and timely trading decisions. Leverage this tool to stay abreast of market trends and enhance your market understanding!
Ultimate Grid Tool + Alerts (DCA & Limit Orders) [enzedengineer]Overview
The "Ultimate Grid Tool + Alerts" script works much like a grid bot from automated trading services such as 3Commas making it a good free alternative with some extra utility.
How it works
The user is prompted to set up a grid by manually defining a lower and upper range and then by selecting how many grid segments they want (max 20). The script will automatically create equally spaced grids within this defined range. The script has built in alerts which are intended to be used in conjunction with a third-party application to execute buy and sell orders on an exchange.
The script has two alert functionalities to choose between:
Limit orders (like traditional grid bots) or;
DCA zones (time-based)
DCA zones:
This is the default selection. Each zone has its own alert condition which is triggered if the price closes within that zone. The frequency of the alert is determined by the user's chart resolution, therefore you can have the alert trigger every day, or 4 hours, or 30 minutes and so on. This allows for flexibility, for example, you could go from DCA'ing at $20 per day at higher prices to $100 per day as the price drops into the lower end of your grid range.
Limit orders:
This mode is selected by checking the "Limit Order" box. As mentioned earlier, this mode works like traditional grid bots with each grid line representing a limit order. The alert condition is met when ta.cross(close, gridline) = true.
Buy and Sell:
This mode is selected by checking the "Buy and Sell" box. This is a visual modification only which changes the colour of the grids to help plan the user's trading. Please note, there is no buying or selling logic within the script itself - this should be built into the alert message to be used with a third-party application for exchange order execution.
Use case: The author of this script has been using it with the default settings to DCA into Bitcoin in the current bear market. Using a chart resolution of 15 minutes the script purchases x-amount of Bitcoin every 15 minutes (Alertatron executes the exchange orders). This method provides a well blended average price and takes away the internal conundrum of "should I buy some today". No matter what, the bot will make a purchase within at least 15 minutes of the ultimate Bitcoin bottom and arguably this gives a psychological edge and reduces FOMO (fear of missing out).
