Using a Manually Positioned Trend Line to Trigger Price Alerts

Summary

This indicator lets a trader place a sloping trend line on a price chart and use it as an alert trigger. On first launch, the line is inactive; moving it to the desired chart level activates it. When price reaches or crosses the trigger line, the indicator can issue alerts, sound signals, emails, or push notifications, depending on its settings.

While price remains beyond the line, the indicator can send a signal on each tick until it reaches the configured signal limit. It then deactivates the line and changes its display color; moving the line reactivates it. The settings also control line appearance and whether it is removed when the chart timeframe changes. This is an alerting utility rather than a complete trading strategy: the document does not specify how to choose line placement, interpret a break, manage positions, or assess false signals, and provides no performance evidence.

Key ideas

• A trader positions a sloping chart line that serves as a price alert trigger.
• The line changes from inactive to active after the trader moves it.
• Alerts can be configured for each tick while price remains beyond the line, up to a set signal count.
• After the signal limit is reached, the line becomes inactive until repositioned.
• The indicator sends notifications but does not define trade entries, exits, or risk controls.

Tags

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