A customizable trading alert system that generates notifications based on price range variations across multiple symbols, helping traders track significant price movements and potential market shifts.
Explore complementary indicator rolesHow it works
This indicator calculates price range variations by analyzing a specified number of bars on a chosen timeframe across multiple symbols. It tracks the lowest and highest prices using the request.security() function, determining percentage range deviations from established price levels.
When price movements exceed predefined percentage thresholds, the indicator triggers alerts with specific details including symbol name, range achieved, current price, and price direction. The system prevents excessive alert frequency by only triggering when new price ranges are reached, ensuring meaningful notifications.
Why it may be useful
This signal provides traders with a dynamic, customizable alert mechanism that helps monitor multiple symbols simultaneously for significant price movements. By allowing users to set specific range variations and timeframes, it enables proactive trading strategies and quick market response.
The indicator's flexibility allows traders to adapt the alert system to various market conditions and personal trading preferences, making it a versatile tool for tracking potential trading opportunities across different financial instruments.
When to explore it
This signal works best during periods of market volatility when rapid price changes are likely to occur across multiple symbols. Traders can utilize it during news events, earnings releases, or other potential market-moving scenarios where tracking price range variations is crucial.
The indicator is particularly useful for traders monitoring multiple assets simultaneously, providing a systematic approach to identifying significant price movements without constant manual chart monitoring. It is most effective when configured with appropriate timeframes and range percentages matching the trader's specific market analysis strategy.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
