How to set Alerts based on Indicators?

Greetings,

I understand it is possible to set alerts based on price. What I would like to do is set an alert based on an indicator. For example, if I am using an ATR indicator, I could set an alert for when the range reaches a certain value. Or if I am using an RSI indicator, I could set an alert for when the line breaks above 70, or below 30. Is it currently possible to do this?

Thanks in advance.

danielcarlosjohnson | 29.11.2016

Replies

Burhay Vlad | 29.11.2016

Dear danielcarlosjohnson welcome to a growing world of PTMC API and yes you can do it very easily. There is a good example with draggable lines and alerts here for the reference.

If you need to calculate RSI variable use this. Based on example just retrieve value in OnQuote() method like this:

if(indicator.GetValue()>70)

Alert(“RSI is above 70, it is time to buy or sell or stay away from a trade”) // it is up to you which strategy to choose

Cheers

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danielcarlosjohnson | 29.11.2016

Thanks for the response. Since I am unable to use AlgoStudio, I will try to implement the Alert Lines you linked above.

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hrvanwyk1 | 29.04.2018

Hi There!

is it possible to set an alert when two moving averages (one slow and one fast) crossover with email or sms? i need this for a renko strategy im using.