Hi Bruce,

I am considering subscribing to the platinum version of TC2000. I'd like it to be able to instantly alert me when any stocks in my watchlist meet both of the following criteria:

• Current price is above the previous day's high (I don't care about the close), and
• Current RSI is above the previous day's high.

So, for example, if ABC stock's previous day's high was $10.00, but it closed at $9.50, I want the first condition to be triggered once it reaches $10.01. Let's say that occurs at noon the next day. If the RSI doesn't exceed the previous day's high until 2 pm, I don't want to be alerted until then, but only if the price is still above $10.00 at that time. Hopefully, that makes sense.

Here are my questions:

1. First, of course, is the correct formula to use. Can you please help with this?  
2. Can you confirm TC2000 Platinum's ability to automatically alert me during the trading day whenever these conditions are met? (I realize that setting up the alerts involves a different process.)
3.  How quickly are these alerts actually issued once the criteria is met?
4.  Finally, is there a way to add (and delete) formulas and alerts to an entire watchlist, versus having to add them to one security at a time?

Thanks so very much for all your help!

Ron

Alpharetta, GA

Alerts are created for a single symbol at a time. There is not a way to create an alert on an entire WatchList without creating individual alerts for each of the symbols in that WatchList.

Setting Alerts in TC2000
Managing Alerts in the Alert Console

You would create an EasyScan to scan an entire WatchList at a time. All of the symbols in the EasyScan's List to Scan which currently meet the requirements of all of the EasyScan Conditions will be listed by the EasyScan.

Building a Scan with Multiple Conditions

You can create a Scan Alert based on an EasyScan, but this just checks for all of the EasyScan Conditions to be true. The Scan Alert is still created for a single symbol at a time instead of for an entire WatchList at a time.

The current price being above the high of the previous bar can be check for using the following Condition Formula:

C > H1

Assuming you are using the RSI - Wilder's indicator with Wilder's Smoothing, the current RSI will be above the highest point that RSI reached during the previous day when the close is above the previous high. This is true no matter what the period of the RSI might be because RSI > previous RSI when C > C1.

You can have an Alert trigger as early as one minute after the Alert was most recently triggered. Alerts are triggered as soon as there is a calculation indicating that the Alert is true as long as enough time has passed since the Alert was most recently true.

It takes time to actual perform the calculations, so the amount of time that passes from when the requirements are met to when you are actually alerted varies. It can be as quick as a second or two to as long as a minute or so depending on the specific Alerts and what other Alerts you have running.