Gaussian Rate Histogram Alerts at Overbought and Oversold Levels

Summary

The document presents an indicator that issues alerts when its histogram crosses designated overbought or oversold levels. Users can set which bar triggers a signal, enable sound, choose how many alerts to send, and optionally turn on email or mobile push notifications. The indicator relies on a Gaussian algorithms library, which must be available to the trading terminal for the indicator to operate.

The supplied material explains alert behavior and setup parameters, and its figure captions refer to an example of a histogram crossing an overbought threshold. It does not provide the formula for the histogram, define how the thresholds are calculated, or report tests showing that crossings predict reversals or profitable trades. The alert is therefore a notification feature around threshold events; traders would need to assess signal timing, bar selection, and false signals in their own market and timeframe before using it as part of a trading rule.

Key ideas

• The indicator alerts when its histogram crosses an overbought or oversold threshold.
• The signal bar, sound notifications, alert count, email, and mobile push settings are configurable.
• The indicator depends on a separate Gaussian algorithms library.
• The document illustrates a threshold crossing but gives no formula or predictive performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.