Alerts

Drakdoo offers an elaborate set of builtin alerts. If your trading strategy is more demanding, you can go beyond what is builtin and script your own indicator.

Builtins

Bollinger Bands

Bollinger Bands are used to measure the 'highness' or 'lowness' of the price relative to previous trades. The alert triggers when the bands are breached.

Commodity Channel Index

The Commodity Channel Index (CCI) can identify a new trend or warn of extreme conditions.

Candlestick Patterns

Alert when candlestick patterns such as the Doji occur.

DMI

The Directional Movement Index (DMI) can be used to determine if a market is trending and measures the strength of the trend. The indicator is represented by two lines, with values ranging from 0 to 100. The positive Directional Indicator (+DI) measures how strongly price moves upward; the negative Directional Indicator (-DI) measures how strongly price moves downward.

Divergence

Divergence can be used to spot a weakening trend or reversal in momentum.

Ichimoku Cloud

The Ichimoku Cloud, also known as the "one look equilibrium chart", is an indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. With one look, you can identify the trend and look for potential signals within that trend.

Inside Bar Breakout

The "inside bar" pattern occurs when a bar is smaller and within the high to low range of the prior bar (the "mother bar"). A breakout occurs when the consolidation phase is over, and the price starts trading above or below either the mother bar, or, the inside bar (configurable).

Moving Average Crossover

Moving average crossovers occur when a faster moving average crosses either above or below a slower moving average. A crossover above is considered to be a bullish signal, a crossover below is considered to be a bearish signal.

MACD Center Line

This alert triggers each time the MACD line crosses the center line. A bullish center line crossover occurs when the MACD moves above the center line to turn positive. A bearish center line crossover occurs when the MACD moves below the center line to turn negative.

MACD Signal Line

This alert triggers each time the MACD line crosses its signal line. A bullish crossover occurs when the MACD turns up and crosses above the signal line. A bearish crossover occurs when the MACD turns down and crosses below the signal line.

MFI

The Money Flow Index (MFI) uses both price and volume to measure buying and selling pressure.

Parabolic SAR

The Parabolic SAR ("Stop and Reverse") is used to determine the current trend and the point in time when this trend has a higher-than-normal probability of switching directions.

Price Range

One-time alert triggered when the price breaches the specified range.

Price Delta

Continuous alert that triggers each time the price changes by a specified amount or percentage, relative to the previous period.

RSI

The RSI indicator measures market price momentum and indicates whether the market is being overbought or oversold.

Alert Scripting

Build your own indicator: combine multiple indicators into one indicator that matches your specific trading strategy.

Stochastic Oscillator

The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.

Stochastic RSI

The (Slow) Stochastic RSI indicator measures market price momentum and indicates whether the market is being overbought or oversold.

Long-Term Support/Resistance

Alerts whenever the current price reaches the zone of long term support and/or resistance.

TD Sequential

The goal of the TD Sequential Setup is to identify where an uptrend or a downtrend becomes exhausted. The indicator numbers consecutive candles until the 9 count is completed. Then, a price pause, price pullback, or reversal is likely.

Volume Change

Alert when the volume breaches a specified level, or when it increases a certain percentage relative to the previous period.