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.

Parameters:

  • Period
  • Standard deviation

Signals:

  • Upper band crossed upwards
  • Lower band crossed downwards
  • Mid band crossed upwards
  • Mid band crossed downwards
  • Upper band crossed downwards
  • Lower band crossed upwards
Bollinger Bands Squeeze

The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. The period of low volatility is often followed by a period of high volatility.

Parameters:

  • Bollinger period
  • Standard deviation
  • Squeeze period
  • Breach after squeeze period

Signals:

  • Bands squeezed
  • Bands squeezed and breached upwards
  • Bands squeezed and breached downwards
Commodity Channel Index

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

Parameters:

  • Period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
  • Center line crossed up
  • Center line crossed down
Candlestick Patterns

Alert when candlestick patterns such as the Doji occur.

Signals:

  • Doji
  • Gravestone Doji
  • Dragonfly Doji
  • White Marubozu
  • Black Marubozu
  • Bullish Engulfing
  • Bearish Engulfing
  • Hammer
  • Inverted Hammer
  • Hanging Man
  • Shooting Star
  • Bullish Harami
  • Bearish Harami
  • White Spinning Top
  • Black Spinning Top
  • Piercing Line
  • Three White Soldiers
  • Three Black Crows
  • Three Inside Up
  • Three Inside Down
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.

Parameters:

  • DI length
  • Upper threshold
  • Lower threshold
  • ADX smoothing
  • ADX threshold

Signals:

  • +DI threshold exceeded
  • -DI threshold exceeded
  • +DI rose above -DI
  • +DI fell below -DI
Divergence

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

Parameters:

  • Based on

Signals:

  • Regular bullish divergence
  • Regular bearish divergence
  • Hidden bullish divergence
  • Hidden bearish divergence
CMO

The Chande Momentum Oscillator is a technical indicator that uses momentum to identify relative strength or weakness in a market.

Parameters:

  • Period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
Color Change

Alerts whenever the candlestick changes color.

Signals:

  • Candlestick turned red
  • Candlestick turned green
Fibonacci retracement levels

Alerts whenever the price crosses Fibonacci retracement levels.

Parameters:

  • Leading candle count
  • Minimum delta %
  • Based on
  • Level #1
  • Level #2
  • Level #3
  • Level #4

Signals:

  • Retraced up to #1
  • Retraced up to #2
  • Retraced up to #3
  • Retraced up to #4
  • Retraced down to #1
  • Retraced down to #2
  • Retraced down to #3
  • Retraced down to #4
Harmonics

Scans for Harmonic Patterns such as Gartley, Butterfly, Bat and Crab.

Parameters:

  • Leading candle count
  • Trailing candle count
  • Based on

Signals:

  • Bullish Gartley
  • Bearish Gartley
  • Bullish Butterfly
  • Bearish Butterfly
  • Bullish Bat
  • Bearish Bat
  • Bullish Crab
  • Bearish Crab
Highs & Lows

This alert reports higher/lower highs and lows, as well as double tops and bottoms.

Parameters:

  • Leading candle count
  • Trailing candle count
  • Based on

Signals:

  • High broken
  • Low broken
  • Higher High
  • Higher Low
  • Lower Low
  • Lower High
  • Double Bottom
  • Double Top
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.

Parameters:

  • Conversion line periods
  • Base line periods
  • Leading span B periods
  • Displacement

Signals:

  • Bullish Ichimoku conversion/base line crossing
  • Bearish Ichimoku conversion/base line crossing
  • Price fell into the Ichimoku cloud
  • Price rose out of the Ichimoku cloud
  • Price fell out of the Ichimoku cloud
  • Price entered the Ichimoku cloud
  • Bullish Ichimoku Chikou span crossing
  • Bearish Ichimoku Chikou span crossing
  • Price crossed Ichimoku Kijun-sen upwards
  • Price crossed Ichimoku Kijun-sen downards
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).

Parameters:

  • Breakout relative to

Signals:

  • Broke up
  • Broke down
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.

Parameters:

  • Fast Moving Average
  • Fast length
  • Slow Moving Average
  • Slow length

Signals:

  • Golden cross
  • Death cross
Moving Average vs. Price

Compares the price against a moving average, reporting whether or not the price moves above or below the it.

Parameters:

  • Moving Average
  • length

Signals:

  • Price above MA
  • Price below MA
  • MA pierced
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.

Parameters:

  • Short length
  • Long length
  • Signal length

Signals:

  • Crossed up
  • Crossed down
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.

Parameters:

  • Short length
  • Long length
  • Signal length

Signals:

  • Crossed up
  • Crossed down
MFI

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

Parameters:

  • Period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
PGO

The Pretty Good Oscillator (PGO) is an oscillator that measures the distance between the present close and its N-day simple moving average.

Parameters:

  • Period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
  • 0 line crossed upwards
  • 0 line crossed downwards
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.

Parameters:

  • Acceleration factor
  • Maximum constant

Signals:

  • PSAR bullish
  • PSAR bearish
Price Range

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

Signals:

  • Price breached up
  • Price breached down
Price Delta

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

Parameters:

  • Percentage or value
  • Moving average length
  • Relative to price
  • Value

Signals:

  • Price stepped up
  • Price stepped down
RSI

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

Parameters:

  • Period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
Relative Vigor Index

The Relative Vigor Index (RVI) anticipates changes in market trends by comparing the price to its trading range while smoothing the results using a simple moving average.

Parameters:

  • Period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
  • RVI above signal
  • RVI below signal
Alert Scripting

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

Signals:

  • Script up: Script
  • Script down: Script
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.

Parameters:

  • K
  • D
  • Smoothing
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
  • %K above %D
  • %D above %K
Stochastic RSI

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

Parameters:

  • Stochastic period
  • RSI period
  • D period
  • K period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold
  • K above D
  • D above K
Long-Term Support/Resistance

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

Parameters:

  • Period
  • Nearby Range %

Signals:

  • Near long-term resistance
  • Near long-term support
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.

Signals:

  • TD Setup reached a green 2
  • TD Setup reached a red 2
  • TD Setup completed with a green 9
  • TD Setup completed with a red 9
  • TD Countdown reached a green 13
  • TD Countdown reached a red 13
Volume Change

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

Parameters:

  • Percentage or value
  • Moving average length
  • Value

Signals:

  • Volume up
Williams %R

The Williams %R represents the level of the close relative to the highest high for the look-back period.

Parameters:

  • Period
  • Overbought at
  • Oversold at

Signals:

  • Overbought
  • No longer overbought
  • Oversold
  • No longer oversold