The purpose of the SlopeAlerts page is straightforward: it provides you a means by which you can establish however many rules you like, based on any of the conditions available, to get real time (well, close to real time) alerts during the trading day about “events” that happen to the symbols you specify. It is available exclusively to Gold and Diamond members. If you would like to upgrade your membership to have access, please click here.
The first step is to enter a symbol (It will automatically load whatever symbol you are looking at to save you the trouble of typing it, although you can change it to anything):
After you click the Next Step button comes the most important part, which is the conditions.
The program will fetch the latest price quote for whatever you are looking at, in case you need to refer to the most recent price data.
You can set up as many conditions as you like, but obviously you have to establish at least one. This is very much like SlopeRules: you choose a value from the dropdown, a condition, and then another value.
This lets you establish alerts based on, for example, a stock going above or below a certain price, or a 50-day moving average crossing above or below a 200-day moving average, or a stock hitting a new 52-week high or low.
You can also assert whether or not an “alert” is based on all the conditions being met, or merely any of them.
There’s an important feature in that right column, and I’m quite proud of how we’ve designed this. You can enter either a value (like 25, or 33, or 3.73, or whatever you like) or a data point (such as a High price or Low price or 200-Day Moving Average, etc.) This gives you tremendous flexibility in how you design your conditions and express your requirements.
To “toggle” between the ability to enter values and the ability to choose from the dropdown, you just click the link shown, as illustrated here:
We once again click Next Step and tell the system how we want to be notified, and how frequently the system should examine the data feed for the alert.
We can enter an email address……..
…..or even get a text on a phone……….
Lastly, give your alert a name. Best to avoid a name like “Alert #1”; instead, give it a name that represents what it does in some way.
You may ask: how is this different from SlopeRules? The main difference is immediacy.
SlopeRules crunches the numbers after the market is closed and sends you an end-of-day report with any triggers. SlopeAlerts, however, is monitoring the market in real time through the trading day, and it alerts you via email or text as to symbol-specific events which are triggered.
Lastly, we have integrated it into SlopeCharts. Just right-click anywhere on the chart, and it is the first menu item available.