How to Set Up Price Alerts
To create an alert, go to the timetotrade Charts page >> and enter the ticker symbol for the stock or currency pair that you wish to follow.
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 (as shown in the diagram):
- Rising & Falling Threshold Alerts - used to notify you if the price rises above or falls below a certain value
- % Break Out and % Pull Back Alerts - used to notify you if the price rises or falls by a percentage % amount within a specified period.
- Break Out and Pull Back Alerts - used to notify you if the price rises or falls by a defined amount within a specified period.
To create an alert, just click on the Alert Trigger Buttons next to the chart. There are no programming languages to learn, no macros or complex forumulas for you to write. Just click a button, enter your parameters, "activate" and your alert is created. Simple!
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 stock or currencies 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 use the 'Breakout' Trigger Buttons to create the alert to notify you when your investment conditions are met.
When you click on the charts' Alert Trigger Button, a text box appears below the Price Chart, eg:
Step 1: Input the value you wish to be alerted that the Price has risen above
Step 2: Select the price check interval period
Step 3: Click the "add trigger" button
Step 4: Click the "activate" button
And that's it! Your alert is created. It really is that simple.
The next time the price rises above your pre-defined value, you will receive an alert to your email, instant messanger or cell phone.
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.
Click here to start building your own Price Alerts >>'
