XXDPO Candle Alerts for Signal Changes and Overbought or Oversold Levels
Summary
The document explains alert options for the XXDPO_Candle indicator. It can notify users when the indicator crosses zero, changes direction, breaks through an overbought or oversold threshold, or leaves one of those regions. Inputs control which bar triggers a signal, whether sound is enabled, the alert count, and whether email or mobile push notifications are sent. The described additions also include support and resistance levels and lighter coloring when candles enter extreme zones.
The indicator is not normalized, so its support, resistance, and overbought or oversold thresholds need to be selected separately for each timeframe. The document notes that higher timeframes generally require larger absolute threshold values. It gives example default levels but provides no performance evidence, trading rules, or evaluation of signal quality. Alerts report indicator events; the text does not establish that these events predict profitable trades. The implementation also depends on an external smoothing library, whose setup and calculation details are not covered here.
Key ideas
- The indicator can alert on zero crossings, direction changes, and threshold events.
- Users can enable sound, email, and mobile push notifications through settings.
- Support and resistance levels and visual highlighting are included in this version.
- Thresholds require timeframe-specific tuning because the indicator is not normalized.
- The document describes alerts but supplies no evidence that signals are profitable.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.