Price
From Timetotrade
timetotrade can be used to create Price Alerts that will notify you by a text message to your mobile phone, instant messenger or email when share price movements affect you: create alerts that will be triggered if the share price reaches a particular value, if there is a percentage change in current price, if support and resistance levels are tested or if price break-out or pull-backs occur - use timetotrade as the foundation for your rule based investment strategies.
You don't need to keep checking the market every few minutes to track what is happening to your share prices. timetotrade will do the work for you, watching the market, so you don't have to ... and when it's time to trade, we'll let you know!
What is a Price Chart?
The price chart presents the 'Interval' close price over a user defined historical 'View' period. For example you can select to see a price chart with a historical View of one day and an Interval period of fifteen minutes; in this case the price at the end of each fifteen-minute interval period over the course of the day is plotted on the chart.
Technical Analysis techniques are typically based on historical price performance, and price charts are important for establishing basic trending, support and resistance levels.
Create Price Alerts
To create an alert, go to the timetotrade Charts page >> , and enter the ticker symbol for the stock or currency pair you wish to follow. This will take you to the alert creation page. The system is defaulted to show the Price chart with the Stochastic chart below, but once you have set up a timetotrade account you can select your own default settings.
There are six types of Price Alert Triggers available on the timetotrade system: Rising and Falling Threshold Triggers and Break-Out and Pull-Back Triggers (as shown in the diagram below).
To create an alert, just click on the appropriate Trigger Button at the right hand side of the Price chart. There are no programming languages to learn, no spreadsheets or complex formulas to write. Just click a button, enter your parameters and your alert is created. Simple!
The Price Alert "Rising" and "Falling Threshold" Trigger Buttons, as identified in the image shown, can be used to create an alert to notify you when a security's last trade price increases above or falls below a 'threshold' price that you choose. You would use Rising and Falling Threshold Triggers to create alerts to notify you by email, instant messenger or text message to your mobile/cell phone when support and resistance levels are tested.
The Price Alert "% Breakout" and "% Pullback" Trigger Buttons can be used to create an alert to notify you when there is a percentage increase or decrease in the last trade price within the defined interval period. For example if a stock was increasing in price and you wanted to be notified if there was a price pull-back of more than 2% in a day and therefore a potential change of trend, you would use the "Pullback" Trigger to create the alert to notify you when your investment conditions are met.
The Price Alert "Breakout" and "Pullback" Trigger Buttons can be used to create an alert to notify you when there is a sudden change in the last trade price based on a fixed increase or decrease in the price within a given time interval. For example if a stock price was falling and you wanted to be notified when it changes trend and increases by 20 pence/cents, you would the 'Breakout' Trigger Buttons to create the alert to notify you when your investment conditions are met.
Please Note: When creating a Price Alert, consider the Interval that you are using. If for example you select a 1-day Interval, your alert will be based on the end of day close price, and therefore you will not be notified until the market has closed. If alternatively you select a 1-minute Interval then your alert will be checked every minute during market hours, and you will receive an alert the minute your alert conditions are met.
More information on how to use the timetotrade system to create Price Alerts can be found on the Creating an Alert pages.
timetotrade can also be used to create alerts on Volume as well as the technical indicators: Stochastic, RSI, Bollinger Bands, MACD and Moving Averages.
Once you are familiar with creating basic alerts you can use timetotrade's advanced features to customise your alerts to suit you. For example, you can build compound alerts containing multiple trigger conditions against multiple technical indicators, you can edit the alert message you will receive and you can specify where particular alerts are to be sent: choose email and/or mobile phone or PDA.
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Further Reading
- How to Create Alerts using timetotrade
- More Information on Creating Alerts
- Bollinger Band Alerts
- MACD Alerts
- Stochastic Alerts
- RSI
- Moving Average
- Exponential Moving Average
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