Monitoring Candle Range for Price Volatility Alerts

Summary

This utility monitors the high-to-low range of the current market candle and reports that range as a percentage of the candle high. Users set a threshold and polling interval; when the measured percentage reaches the threshold, the program can send an SMS alert to configured phone numbers. It also logs range readings and timestamps, and suppresses repeated identical alert messages.

The method is an operational alert rather than a trading strategy: it does not define entries, exits, position sizing, or a test of trading performance. The selected candle period determines the observation window, while the loop interval controls how often records are checked. The source requires one exchange and tests the SMS connection at startup when notifications are enabled. Its alerting logic includes checks for both the current and prior candle, so notifications depend on record updates and threshold conditions; the document provides no evidence about delivery reliability, latency, or whether a particular range threshold is useful for trading.

Key ideas

• The tool measures each candle’s high-to-low range as a percentage of its high.
• A user-defined threshold determines when a volatility notification is sent.
• The polling interval sets how often the program checks market records.
• SMS alerts can be sent to multiple configured phone numbers, with duplicate messages suppressed.
• The utility reports price movement but does not specify a trading or performance-testing method.

Tags

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