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Date/Time: Thu, 16 Jan 2025 19:09:40 +0000



How to set a specific price alert?

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[2017-11-04 19:59:18]
NeoXx - Posts: 6
Apologies for an easy question, I could not understand the help page on alerts.

I wish to set a price alert where every time the price falls by $200 an alarm sounds.
As well I want it to to work consistently and not only once.
How can I set it up?


Thanks
[2017-11-05 20:24:40]
Sierra Chart Engineering - Posts: 104368
Your requirement is vague. The 200.0 decline has to be in reference to something. That is not known. Here is the documentation for alerts:
Study/Chart Alerts And Scanning
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2017-11-05 20:24:58
[2017-11-05 21:34:49]
NeoXx - Posts: 6
The reference is the previous high.
For example if I set the alert at this moment, the reference would be the current price.
If the price drops by $200 WITHOUT making a new high, then the alarm will sound.
If the price instead makes a new high then that new high is the new reference price.
[2017-11-06 00:21:35]
Sierra Chart Engineering - Posts: 104368
OK, what would be the timeframe of the chart bars?
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2017-11-16 00:34:35]
NeoXx - Posts: 6
Well the alarm process starts from the moment we set it. Why would the bar timeframe be relevant?
[2017-11-16 00:49:45]
Sierra Chart Engineering - Posts: 104368
It does not necessarily matter, that is up to you. We just want to make sure that you have a clear understanding of how the Alert Condition Formula is intended to work.

And not just simply a vague idea without knowing very detailed specifics.

The reference is the previous high.
For example if I set the alert at this moment, the reference would be the current price.
If the price drops by $200 WITHOUT making a new high, then the alarm will sound.
If the price instead makes a new high then that new high is the new reference price.

The Alert Formula for this is:
=AND (H[-1] >= H[0], H[-1]-C >=200)

Whether this accomplishes what you want or not, is up to you. We cannot provide further help since we do not provide formula programming help.

Here is the relevant documentation:

Study/Chart Alerts And Scanning
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2017-11-16 11:17:06
[2017-11-16 11:17:43]
Sierra Chart Engineering - Posts: 104368
Correction:

The correct Alert Formula for this is:
=AND (H[-1] >= H[0], H[-1]-C >=200)
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2017-11-16 11:17:59

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