Price-Level Alerts for Repeated Breakout Notifications

Summary

This document describes a chart indicator that lets a trader place a horizontal trigger line at a chosen price. The line begins inactive; moving it on the chart activates it. When price reaches or crosses the level, the indicator can issue alerts, play a sound, and optionally send email or push notifications. The description frames the tool as a way to monitor a specified price threshold, not as a complete entry or exit strategy.

While price remains through the trigger level, alerts may recur on each tick until the configured signal count is reached. The line then becomes inactive and must be moved to reactivate it. The settings also control the line’s appearance, notification channels, and whether level settings are removed when the chart timeframe changes. The document explains the user-facing behavior and available controls, but provides no performance evidence, rules for choosing levels, or guidance for managing trades after an alert.

Key ideas

• The indicator monitors a trader-selected horizontal price level on a chart.
• Moving the initially inactive line activates the trigger and changes its appearance.
• Alerts can be generated as price reaches or remains beyond the trigger, subject to a signal limit.
• The indicator supports optional sound, email, and push notifications.
• It provides price monitoring but does not specify a trading strategy or validate alert performance.

Tags

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