e2e4mfck

­[e2] Setup [Alerts]

Alert and lite version of the Setup indicator.

___ Alert list:
1. Bearish / Bullish Price flip.
--- Market closed higher than the close price four bars earlier and the prior bar’s close is lower than the close five price bars earlier, vise versa for the opposite direction.

2. Setup Count Termination
--- Market confirmed the Buy / Sell Setup termination (Setup reached the Setup Count Limit).
--- If Stealth Setup is toggled in the options - alert will include Stealth Setup as well.

3. Setup Count that exceed the previous Setup Count in the same direction.
--- Optional parameter in the script's inputs "Hot Setup Alert Limit" : Track the Limit when the Alert will fire.
--- ex: If you are looking only for Buy Setup 2 that closed lower Buy Setup 1 - set the limit to 2.
--- If you are looking for any Buy Setup that closed lower than previous Buy Setup - set the same limit as for Setup Count Limit.

4. Support and Resistance Break.
--- Market closed above Resistance or below Support.

5. Risk Line Break.
--- Market closed above Sell Setup Risk line or below Buy Setup Risk Line.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
Pisces swimming through the river
All their life against the stream
Searching for a hook to catch on
And see their sun beam
Then suffocate in painful tortures
On cutting tables of callous men
Under a knife of handsome butchers
Emeralds are ripped away

Comments

500 coins
+3 Reply
I want to ask which time period TD is most accurate?
+19 Reply
@tinkl, Indicator was originally designed for the daily+ timeframes.
Reply
This publication will be featured in our "Best Scripts of The Month" selection. Thank you for your valuable contribution to the TradingView community, and congrats!
+13 Reply
After applying the script i don't see any changes on the chart. Could you please check if its working or not
+8 Reply
I can't see any indicator too, anyone can help us?
Reply
e2e4mfck chewbk123
@chewbk123, Alert script plots nothing. The result of this script could be found in the Alert Creation Window.
Reply
@biswad, Same with me, I apply the script and just a bunch of crazy lines everywhere.
Reply
Ganesh7 biswad
@biswad, and now?
Reply
This script seems doesn't work on crypto, i tried with TRXUSDT 15 min tf, any suggestion?
+6 Reply
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