I would like to show you how easy is to use it and configure it to receive this alerts in your phone.
Here's a page about what are for the ones that don't know already: https://www.investopedia.com/terms/d/don...
This simple indicator prints a green alert when the close price crosses above the upper band of the DC, and a red alert when the price crosses the lower band of the DC.
When these conditions are met, the indicator throws an alertcondition signal. You can personalize your Trading View alerts using this information.
Create new alert, In the condition select "DC Alert System" and below select "Break Above" or "Break Below" depending on the case you're looking for. Save the Alert and voila.
Simply as that.
The Channel period is set to 20 by default, but you can update it to what suit best for you.
Hope this is a +1 to your trade alert system.
Have a good day!
If you like this script please give me a like and comment below.
This is where the research must be done. Especially in crypto markets, we have these long consolidation periods and quick rallies.
No need to over-complicate things. Simply trading support/resistance bounces in range market and trading breakouts when we enter a trend.
Avoiding fake-outs and not missing a breakout is the key I think.