Trendline Touch Alerts for Price-Cross Monitoring
Summary
This document describes a basic indicator that alerts when price touches a named trendline. Users configure the trendline name and the direction of the interaction, allowing the alert to distinguish among different kinds of touches or crosses. It also mentions that alerts can be sent by email.
The available material gives only a minimal description and a figure caption referring to price touching a trendline from below. It does not fully explain the three direction settings, define how a touch is detected, or provide any evidence that the alerts improve trading decisions. The indicator is therefore best understood as a monitoring aid: it can notify a trader about a chart event, but does not define an entry or exit strategy or account for false signals and market context.
Key ideas
- The indicator monitors a selected trendline and alerts when price touches it.
- Users specify the trendline name and the direction of the touch or cross.
- Alerts can be delivered by email.
- The document does not explain all direction settings or provide evidence of trading performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.