Indicator Type Settings

Last modified 12:04, 18 May 2013

Indicator Type Settings

There are many different Indicator Alert Items to choose from, they are displayed in the scrollable text box when the Indicators type is selected.

alerts_indicsselect.png

Use the scroll bar to view all the different alert items in the alphabetical list. A full list is displayed below.

Indicators usually process market data through a mathematical formula to produce a graphic display. The user can often set some of the parameters of the formula, for example the number of days used to calculate an average.

These indicator type alert settings allow you to identify symbols whose data exceeds set limits when that symbol's market data is processed by the formula for a particular indicator type. As with chart indicators, the user can set some of the parameters of each indicator using its dialog box.

Double left mouse one of the Alert Items to open its individual parameters dialog box.

Indicator Type Alert Items

The Alert Items employ the same parameters which are used to generate Indicators when charting each symbol.

Each Alert Item has an individual parameters dialog box.

All of the parameters dialog boxes are of the complex variety, the following is an example:

MA Bands Search Criteria Parameters Example

A typical example of the parameters dialog boxes associated with Indicator Type Alert Items is that for the Moving Average - Bands Alert Item:

alerts_indicsmabandsparams.png

First Value

This price data based parameter determines the point at which the comparison will commence.

Note that the available parameters include both price data values (Open, High, Low, Close, Open Interest, Volume, etc.) as well as values that are the product of the Indicator's calculation.  In the above example these are the price levels for the Upper and Lower Bands that are calculated by the Mov Avg - Bands indicator.

Operator

This parameter establishes the relationship between the two parameters.

For some of the parameters, this can be set to operate over a number of days.

Second Value

This parameter defines a particular value or fraction of a value for a particular time which is compared with the first value, using the function indicated by the operator.

In addition to the price data based choices, users can also nominate a Numeric Value...

Expression

This is a plain English version of the mathematical equation that the selection of parameters created.

Default Indicator Settings

The default settings for the Indicator's calculation are used to calculate the Alert.

These default settings of the underlying indicator, for example the settings that calculate the Upper and Lower Bands, can be altered by the user. Click the Settings button to open the Indicator's Parameters dialog box:

alerts_indicsprops.png

Here the calculation of the indicator, and the parameters of its display, can be altered.

The Indicator Parameters for scanning are set in exactly the same way as for the Indicators themselves. For more information on these settings, go to the individual chart indicators' help topics.

Note that this dialog has no Default button. The indicator parameters can only be changed for the calculation of this individual Alert.

Note - New Default settings for indicators can only be set and saved from each Chart Indicator's Properties dialog box.

Save the Type and Item Settings

Click OK to save the settings and return to the Current Alerts tabbed page.

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