Hello 

Is there a way to write a pcf for horizontal line that I can use for an alert? A typical example for me would be: In anticipation of a small consolidation that could be above or below the candlestick at the time of thought. Example: I have a candlestick above a previous six month resistance of say $20.00. I use the horizontal line tool and place it the $20.00 mark. I would like to be alerted if price for the next two or three days stays above or closes above that line. Currently I have to be alerted by price entered and check daily. 

Thanks

Juan

You might be able to use a trendline alert for this.

How To Set A Trendline Alert

Bruce,

A trendline would give me the same results as horizontal line as the alert would be based the triggered price of the first candle. Here is what I have been usingas kind of a work around: ABS(H-H3)<1 AND ABS(L-L3)<1 and V>V1 AND V1>V2 AND V2>V3 and V>100000 along with a price history greater than the price of the trend line or horizontal line 3 days in a row. I was hoping that I could quickly do it with the H line or T line alert. If you have any ideas that would be great.

I thought from your description you wanted it fixed based on the price of the first day so you could check for it staying above that value for multiple days. If that is the case, the trendline alert seems like the best bet.

If you create the formula as a condition, you could try setting a condition alert in addition to or instead of the trendline alert.

I don't know of any sort of way to just have a formula create some sort of alert on its own without intervention from you to actually create the alert.

That is the same conclusion that I came to. The formula as a condition set is what I am doing now with an adjustment to the price history as needed. I wanted to ask you before settling on this process just in case I had was missing  something or had not thought of. Thak you for the quick response.

Juan

You're welcome.