Daily Commentary: August 01, 2023

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We Made the Alerts Easier To Set

Posted by Peter Stolcers on August 01

Last week we released a new version. Here are the changes you need to be aware of.

Previously we had to check the current status for a variable that we planned to use for an alert. That forced us to view the chart for that time frame and we had to include the study on the chart. If the condition was “True” currently, we had to mark the T-F box. Otherwise, the alert would be triggered right away. Our intent was to have the stock dip and to have the study go “False” and then for the alert to be triggered when it was “True”. If the condition was “False” currently, we did not have to mark that box.

We wanted to simplify the user interface (UI). If you are only using one variable, you no longer have to mark that T-F box. In fact, we removed it. The servers will check the current status of the variable for you. If it is currently “True”, it will know that it has to go “False” and then “True”. If it is currently “False”, it will know that it only has to go “True”. This method is much easier and faster for you.

If you are using multiple variables, they all have to be “True” to trigger an alert so there is no T-F box for those either.

“What if I want to set an alert based on two variables and they are both currently “True”? Then you need to pick the variable that is more resilient. LRSI M5 will not move as quickly as Strong vs SPY M5. If the time frames are different, use the longer-term time frame. When the alert is triggered, check the status of the other variable.

We believe this method will make it much easier for you to set alerts. By standardizing the multi-variable method, we also pave the way for naming and saving those alerts so that they can easily be applied.

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