Setting alarms on the relative momentum index

Namor

New member
How does one set alarms on the relative momentum index? I can place them in marketwatch, however once they are triggered, I have to reenter them anew. How can a sound alarm be placed that works on a continual basis without requiring a redo? Many thanks in advance.
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

@Namor Here you go:

Code:
#
# TD Ameritrade IP Company, Inc. (c) 2007-2020
#

declare lower;

input length = 20;
input momentum = 5;

assert(momentum > 0, "'momentum' must be positive: " + momentum);

def emaInc = ExpAverage(Max(close - close[momentum], 0), length);
def emaDec = ExpAverage(Max(close[momentum] - close, 0), length);
plot RMI = if emaDec == 0 then 0 else 100 - 100 / (1 + emaInc / emaDec);
plot OverBought = 70;
plot OverSold = 30;

RMI.SetDefaultColor(GetColor(1));
OverBought.SetDefaultColor(GetColor(8));
OverSold.SetDefaultColor(GetColor(8));

def condition1 = RMI crosses above OverSold;
def condition2 = RMI crosses below OverBought;

# Alerts
Alert(condition1, " ", Alert.Bar, Sound.Chimes);
Alert(condition2, " ", Alert.Bar, Sound.Bell);
 

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
409 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top