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User defined lines with alerts
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User defined lines with alerts

  #41 (permalink)
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madLyfe View Post
can you explain what you mean by allowing for more precise triggering of the alert? i just like hearing about development. ;-)

i am going to use it for what i intentionally downloaded it for, it was just this situation with the paceoftape indicator that was hanging me up..

anyways, thanks again for your help and all of your coding!

The original concept was a zone for price. Alert triggered when alert - (n+1) Ticks < price < alert + (n+1) Ticks, where n is the offset to be entered in ticks. This concept has two shortcomings.

(1) When price moves fast and no trade is printed at the alert level, no sound alert is triggered, although price croessed the alert level. So it is not enough to check whether price has printed inside the defined range or - in case that the offset is 0 - at the alert level. In parallel it needs to be checked, whether price has crossed the level. This event will also trigger an alert now.

(2) The concept with the ticks, requires discrete prices, which is the case for all instruments. Indicator values however are more of a continuous nature - actually they are also discrete, but the discrete levels are unknown -, and therefore the inegality above cannot be used in the same way. So I changed the above inegality to alert - n * units <= price <= alert + n * units. If you set the offset to 0, the indicator will only trigger an alert, if the indicator exactly hits the alert level. As the indicator values are discrete, this is unlikely to happen, even if the indicator value has crossed the alert level. But with the modification introduced under (1), the crossing of the line will trigger an alert on its own, so this is no problem.

Hope, I managed to confuse you and all other readers of this post.

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  #42 (permalink)
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Fat Tails View Post
The original concept was a zone for price. Alert triggered when alert - (n+1) Ticks < price < alert + (n+1) Ticks, where n is the offset to be entered in ticks. This concept has two shortcomings.

(1) When price moves fast and no trade is printed at the alert level, no sound alert is triggered, although price croessed the alert level. So it is not enough to check whether price has printed inside the defined range or - in case that the offset is 0 - at the alert level. In parallel it needs to be checked, whether price has crossed the level. This event will also trigger an alert now.

(2) The concept with the ticks, requires discrete prices, which is the case for all instruments. Indicator values however are more of a continuous nature - actually they are also discrete, but the discrete levels are unknown -, and therefore the inegality above cannot be used in the same way. So I changed the above inegality to alert - n * units <= price <= alert + n * units. If you set the offset to 0, the indicator will only trigger an alert, if the indicator exactly hits the alert level. As the indicator values are discrete, this is unlikely to happen, even if the indicator value has crossed the alert level. But with the modification introduced under (1), the crossing of the line will trigger an alert on its own, so this is no problem.

Hope, I managed to confuse you and all other readers of this post.

haha i get the idea of what your saying. looks like some nice improvements. see ya on the boards!

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  #43 (permalink)
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on the note of crossing above from below, and below from above a user defined line as an option, i went ahead and made some sounds just incase..

Zoom Up!:
http://192.20.225.36/tts/speech/e6c82b286d78445402b787400095f60b.wav

Zoom Down!:
http://192.20.225.36/tts/speech/c6e2d3e3b423bb1adeea40ea746e2367.wav

Speed Up!:
http://192.20.225.36/tts/speech/7d8febf7764315bbf998ab63593b3e0f.wav

Speed Down!:
http://192.20.225.36/tts/speech/e08f2bf38ac3a900017e288cd8de405c.wav



i guess those links are only good for 5mins.. fail..

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  #44 (permalink)
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Next time just zip them, and attach them to the post.

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  #45 (permalink)
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fatty have you given my idea any thought? what new stuffs you been working on? whats up dood!?!?

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  #46 (permalink)
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madLyfe View Post
fatty have you given my idea any thought? what new stuffs you been working on? whats up dood!?!?

I am still waiting for feedback, had made some other changes.

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  #47 (permalink)
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Fat Tails View Post
I am still waiting for feedback, had made some other changes.

ah ok, everything on the alerts on indicator side of the road is working really awesome for me. lmk if there is anything you need looked at.


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  #48 (permalink)
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Fat Tails View Post
I am still waiting for feedback, had made some other changes.

@Fattails,

All working fine so far FT

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  #49 (permalink)
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Feedback

Hi Fat Tails,

Just want to give feedback that they both work perfect. Great job as always. Many thanks.

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  #50 (permalink)
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actually an issue ive noticed, if i dont want to plot the label on the alertsonindicator that sounds dont fire off, once i put the label back on it works fine..

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