Dynamic Price Alerts are similar to traditional price alerts, but rather than fixed price levels, they can be attached to trend lines and indicators. The price dynamically changes based on the current trend line or indicator without any need for adjustments.
There are three types of triggers:
- Break Through events are triggered when the price was on one side of the trend line or indicator value and went to the other.
- Touch events are triggered when the candle touches the trend line or indicator value within the sensitivity range. Note: It’s nearly impossible for a touch event to occur with perfect sensitivity since the price would have to close to the exact cent ($0.01).
- Bounce events are triggered when a touch event is triggered and the price stays on the same side of the trend line or indicator during the next candle. Note: It’s nearly impossible for a touch event to occur with perfect sensitivity as well.