Monitoring Price Crossings of Horizontal Support and Resistance Levels
Summary
The document describes a lightweight chart utility that draws horizontal price levels and checks them at a configured interval. When price crosses one of the levels, it plays a sound alert. The levels are chart objects supplied by the user; the utility does not define how to select them or generate trading entries.
Its practical use is notification: traders can monitor selected support or resistance prices without watching the chart continuously. The description identifies the check interval as configurable in minutes but gives no specific settings, tested markets, performance results, or rules for confirming a crossing. It therefore explains an alert mechanism rather than a trading strategy, and its value depends on the user’s chosen levels and response to alerts.
Key ideas
- The utility displays user-defined horizontal price levels on a chart.
- It periodically checks whether price has crossed any displayed level.
- A crossing triggers a sound alert rather than an automatic trade.
- The document provides no method for choosing levels or evaluating alert performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.