Tradingview has this kind of feature which I’m using before for my buy and sell signal during the days when I’m doing a day trading. You can access this feature even with free account by just clicking the alarm clock icon on trading view.
Here’s the sample alarm that I used before on MACD and RSI indicator:
https://i.imgur.com/OAqIZBD.jpgYou can use this link for the indicator alarm script on tradingview:
https://www.tradingview.com/scripts/alarm/I'm aware that Trading view has indicator support.
My idea differs in two things at the start, and there will be more:
1. With Tradingview, you have to work manually for each coin you are interested in. I plan to create it such that you can get an automatic notification for all coins where there is a change in the indicator; that is, with Tradingview the focus is on the choice of coins, and with us on the indicator
2. On Tradingview you have 10 free alarms until you upgrade the program; I plan to limit it to the number of indicators, for example, you could have MACD indicators for all the coins that I plan to support (for now BTC, ETH, SOL, ADA, BNB, but that's just in the beginning - the goal is to support 10K+ cryptocurrencies)
This will be an interesting support to trading and I believe if you get your plan very well then you will get more people to like it. In the regards of bollinger band, how do you intend the alarm to trigger off? It is crossing up or down because bollinger can also be used to determine volatility and yet it could be silent sometimes.
However, the alarm too will help more to ease stress of always checking out your trade at very short intervals.
Thank you for pointing that out. I still have to consult with my trader colleagues, but here are some ideas that came up to my mind:
1. Alarm to show how tight/separated the bands are to show high/low volatility or begin of a trending move
2. Alaram turns on when the price touches the band, or just before it reaches it (here you could define with a slider the distance between the price and the bands. Based on the distance, an alarm would trigger
What do you think about these ideas? I'd love to hear your opinion, as well as the opinion of others