CM_Blast_Off_V1_Alerts Ready
Blast Off Indicator - Alert Ready!!!
Created By Request from @elpuerto936c
Description of Indicator:
***This measures the day's open / close vs then high lows of the day (range)
***When the open /close is less than 20% of the range, then it's likely that the following day will have a big jump.
***The Thought Process is Simply When (Open - Close) is Less Than 20% Of The Range…Shows Indecision and Breakout is Probable.
***Which way? Use whatever indicator you want to figure out if the market is oversold or overbought.
***NOTE: If Indicator Triggers After Extended Up or Down Move…This = High Probability Reversal.
In Inputs Tab:
-Ability to Change The Trigger Value…(This is Percent The (Open-Close) is to the Total RANGE of The Bar).
-Ability to Turn On/Off Highlight Bars via Check Box.
To Set Alert:
-In First Drop Down Box Select Name of Indicator
-In Drop Down to Right Select “Alert Blast Off If Below Trigger”.
-Then Select “Greater Than”.
-Then Select “Value”
-To the Right of Value type in .99
-Select On Bar Close, If not you will get FALSE Alerts.
Created By Request from @elpuerto936c
Description of Indicator:
***This measures the day's open / close vs then high lows of the day (range)
***When the open /close is less than 20% of the range, then it's likely that the following day will have a big jump.
***The Thought Process is Simply When (Open - Close) is Less Than 20% Of The Range…Shows Indecision and Breakout is Probable.
***Which way? Use whatever indicator you want to figure out if the market is oversold or overbought.
***NOTE: If Indicator Triggers After Extended Up or Down Move…This = High Probability Reversal.
In Inputs Tab:
-Ability to Change The Trigger Value…(This is Percent The (Open-Close) is to the Total RANGE of The Bar).
-Ability to Turn On/Off Highlight Bars via Check Box.
To Set Alert:
-In First Drop Down Box Select Name of Indicator
-In Drop Down to Right Select “Alert Blast Off If Below Trigger”.
-Then Select “Greater Than”.
-Then Select “Value”
-To the Right of Value type in .99
-Select On Bar Close, If not you will get FALSE Alerts.
Coming Soon: www.ChrisMoodyTrading.com
//Created By ChrisMoody on 12-26-2014 By Request from elpuerto936c //This measures the day's open / close vs then high lows of the day (range) //When the open /close is less than 20% of the range, then it's likely that the following day will have a big jump. //Which way? use whatever indicator you want to figure out if the market is oversold or overbought //***NOTE: If Indicator Triggers After Extended Up or Down Move…This = High Probability Reversal. study(title="CM_Blast_Off_V1_AlertReady",shorttitle="CM_BlastOff_V1", overlay=false, precision=0) trig = input(20, title="Trigger Value = % of Range") hb = input(true, title="Show Highlight Bars When Condition = True") cc = input(true, title="Show Color Change When Value is < Trigger Value") val = abs(close - open) range = high - low blastOffVal = (val/range) * 100 trigger = trig alert1 = blastOffVal < trig ? 1 : na col = cc and blastOffVal < trig ? red : aqua barcolor(hb and blastOffVal < trig ? fuchsia : na) plot(blastOffVal, title="Blast Off Value", style=columns, linewidth=3, color=col) plot(trigger, title="Trigger Value Plot 1", style=circles, linewidth=3, color=fuchsia) plot(trigger, title="Trigger Value Plot 2", style=line, linewidth=2, color=fuchsia) plot(alert1, title="Alert Blast Off if Below Trigger", style=circles, linewidth=1, color=yellow)