Alerts: Stay Ahead of Market Movements

Successful trading hinges on timing—executing trades on the right stocks at the right moment. Alerts are an essential tool to help you stay ahead of market movements by notifying you when certain conditions are met, enabling you to capitalize on timely opportunities.

1. How to Set Alerts

GoCharting allows you to set the following types of alerts:

1. Price Alerts
2. Cumulative Volume Delta (1 Day)

To set alerts, follow these steps:

1. Click on the “Alert” button in the bottom bar.

2. Right-click on a price level and select the option to set an alert.

3. Use the “Alert” button located on the widget bar.

4. Set alerts from the watchlist for quick access.

Alert Menu

In the alert menu, you can configure various parameters such as:

• Alert Type: Choose between price alerts or cumulative volume delta alerts.
• Parameters: Set the desired value for your chosen parameter and specify the frequency of the alert.
• Additional Options: Define the alert’s expiry, give it a name, customize the alert message, and select the delivery method (e.g., pop-up, sound, in-app push notifications). Webhook support will be added soon for advanced notifications.

2. Alert Manager

The Alert Manager is accessible from the widget bar. This feature allows you to modify, delete, or replay active alerts. Additionally, you can view logs of all previous alerts in the “Logs” tab for easy tracking.

Use Case

GoCharting’s Alerts system allows traders to set price-based, indicator-based, and drawing-tool-triggered notifications that fire when market conditions meet predefined criteria. Alerts eliminate the need for constant chart monitoring.

Strategy

Set price alerts at key support and resistance levels before each trading session. When a level is approached, the alert fires and you can assess whether a trade setup has formed. Set secondary alerts at your planned stop and target prices to monitor active positions without staring at the screen.

Common Mistakes

Do not set too many alerts simultaneously — alert overload leads to desensitisation. Avoid setting alerts too close to the current price where minor volatility will trigger them repeatedly. Do not forget to cancel alerts for setups that have been invalidated or positions that have been closed.