Price Expansion Trade Alert

Looking for channel direction, breakouts and reversals? Price Expansion Trade Alert offers pop-up and audio alerts based on price moves relative to the Keltner channel. The Keltner channel is an indicator that plots upper and lower lines and a simple moving average.

This app creates an alert when two conditions are met. First, when price moves from above the upper Keltner channel line to below the lower line. Second, when price creates consecutive lower highs. The reverse is also true. First, when price moves from below the lower Keltner channel line to above the upper line. And second, when price creates consecutive higher lows.

INPUTS

The following inputs are available in the app’s inputs window and can be defined by the app user:

• TF: time frame used to calculate Keltner Channels
• Smooth Line Periods: number of periods to smooth the center line
• Smooth Deviation Periods: number of periods to smooth deviation
• Deviation Factor: factor used to apply the deviation (default value set at 1.0)
• Center Line Source: customize the source, smoothing and variation methods—close price, median as (high + low)/2, median as (high + low + close)/3
• Center Line Smoothing Method: MVA (Simple Moving Average), EMA (Exponential Moving Average), LWMA (Linear Weighted Moving Average), SMMA (Smoothed Moving Average) and Wilders
• Variation Method: smoothed difference between High and Low or Average True Range of source
• Pop-up Alert: Y/N
• Sound Alert: Y/N
• Recurrent Sound: Y/N
• Sound File: browse to select sound file for alert

Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

This Automated Strategy is only compatible with FXCM Trading Station Desktop software. In order to purchase or download the app, an FXCM live account is required. Once downloaded, the app can be used on both live and demo FXCM accounts.