Alerts

Almost all PatternExplorer tools have alerts implemented, and they consist of three chart parameters as shown below. In the automatic analysis parameters, there is a fourth parameter, called “Use chart alert parameters” which allows syncing the chart settings with automatic analysis. The default parameter value is No but can be changed to Yes in the […]

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PE – Alert 1

Alert 1 uses the market price for generating alerts. To use this tool draw a support and resistance line and define both lines as support or resistance through the line properties. This tool has parameters to determine an alert area to trigger alerts whenever the price moves into this area. There are two options to […]

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PE – Alert 2

Alert 2 is similar to alert 1 with the difference that it uses an indicator value instead of the market price. The default indicator implemented in this tool is the Taio indicator which you can change in the formula to your preferred indicator. The line below exists in the current version in line number 46. […]

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PE – Alert 3

Alert 3 uses formula conditions to generate alerts. Inside the formula there is a code block for buy, sell, short and cover rules. The signals from these rules are shown visually through green and red arrows. Filled arrows are displaying buy and sell signals while non-filled arrows displaying short and cover signals. The formula contains […]

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