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Volume Force Alerts

On the TimeToTrade charts, a Volume Force indicator can then be used to execute trades, provide an Email or SMS text message notification when your candlestick chart patterns have been met or backtest a trading strategy.


The Volume Force technical indicator combines volume, trading range and price trend. The contribution of the volume is to only highlight the money flow associated with a given trend i.e. the strength of the trend. The indicator will switch between positive and negative values as the Trend (T) changes regardless of the underlying volume.


There are two key attributes to the Volume Force indicator that can be used to trade against, mainly:

  • Trend Direction
  • Trend Strength


The trending direction can be identified by whether or not the Volume Force indicator is above or below zero. The strength of the trend can be identified by the value of the Volume Force indicator and the period of time that the value is above or below zero.


For example if the underlying market is trending upwards, a trading alert could be set up on timetotrade to execute a trade or provide a notification of when the Volume Force indicator falls below zero, thus indicating that the short term trend is over:


Volume Force Indicator 1.png


Alternatively an alert could be set up to execute a trade or provide a notification of when the Volume Indicator rises above or falls below a threshold value and therefore indicate a potential breakout.


Learn more about the Volume Force indicator.


Volume Force Alerts

You can use TimeToTrade to execute trades, notify you or backtest a trading strategy when the Volume Force chart conditions have been met. Use the chart settings to add the Volume Force indicator, then click on the triggers on the chart, or click on the 'Add Trigger' button in the 'Alert Builder' section, to select the following triggers to build alerts:


align=top Rising Threshold Alert Trigger, is triggered when the value of the Volume Force rises above a specified value.
Alert Trigger Falling Threshold.png Falling Threshold Alert Trigger, is triggered when the value of the Volume Force falls below a specified value.
Alert Trigger Increases By.png Break-Out Alert Trigger, is triggered when the Volume Force increases by a specified value within a the selected interval period.
Alert Trigger Decreases By.png Pull-Back Alert Trigger, is triggered when the Volume Force decreases by a specified value within a the selected interval period.
Alert Trigger Increases By Percentage.png Percentage Break-out Alert Trigger, is triggered when the Volume Force increases by a specified value within a the selected interval period.
Alert Trigger Decreases By Percentage.png Percentage Pull-back Alert Trigger, is triggered when the Volume Force decreases by a specified percentage within a the selected interval period.
Alert Trigger Above.png Above Alert Trigger, is triggered when the Volume Force is above a specified value.
Alert Trigger Below.png Below Alert Trigger, is triggered when the Volume Force is below a specified value.
Alert Trigger Cross Over.png Positive Crossover Alert Trigger, is triggered when the Volume Force rises above / crosses over another indicator, price, a specified value or trend line that you have drawn on the chart.
Alert Trigger Cross Under.png Negative Crossover Alert Trigger, is triggered when the Volume Force falls below / crosses under another indicator, price, a specified value or trend line that you have drawn on the chart.


In the following example an alert will be set up to provide a notification of when the Volume Force indicator falls below 0 using the chart triggers:


Volume Force Indicator 3.png


Enter a message to remind yourself why the alert was created; select how you would like to be notified when the alert trigger conditions are met; change the 'reactivate alert' settings if you would like to get an alert each time your alert trigger conditions are met; click on the green 'Activate' button on the Alert Builder when finished as per the following example:


Falling Threshold Alert.png


Volume Force Trading Strategies

You can use TimeToTrade to execute trades when your Trigger Trading™ alert conditions have been met. For example, an order can be created to buy 100,000 EURUSD when your Volume Force alert trigger conditions have been met, with a take profit order if the price increases by 20 points / pips and a stop loss if the price decreases by 10 points as per the following example:


Volume Force Indicator 5.png


Multi-Condition Alerts

TimeToTrade can also be used to create alerts on Price and Volume as well as the technical indicators such as Stochastic, RSI, Bollinger Bands and Moving Averages plus a lot more. You can also create alerts on your own Custom Indicators.


Once you are familiar with creating basic alerts you can use TimeToTrade's advanced features to customise your alerts to suit you. You can build compound alerts containing multiple trigger conditions against price and multiple technical indicators; for example: you could set up an alert to notify you, or execute a trade, when the price falls below a defined value followed by the stochastic increasing above 20 and then a positive MACD crossover:


MultiConditionAlert.png


You can also edit the alert message you will receive and be notified by Email and SMS text messages when your alert trigger conditions are met.


To learn more about Sequencing and Grouping Multiple Alert Triggers click here.


Check Alert Triggers at Interval Close or on Each Tick During the Interval

Alerts can be set up to check if the trigger condition has been met at the end of an interval or on each tick during the interval. When creating alerts, click on the alert trigger and set the 'Check trigger when' field to 'interval closes' or 'on each tick during the interval' to change the behaviour.


For example if you wanted to check if the Close Price at the end of a 15 minute interval rises above 1.5, select 'interval closes' as illustrated:


Check trigger interval 1.png


If however you wanted to check for example if the hourly RSI falls below 30 and want to get an alert if that happens during the 1 hour interval, rather than checking at the close of the 1 hour interval, check the alert trigger 'on each tick during the interval' as illustrated:


Check trigger interval 2.png


Forum Discussions

Go to the Ask a Question section on the TimeToTrade forum to see the type of alerts and trading strategies that TimeToTrade users are creating:


Use can use TimeToTrade to execute trades or notify you when price, trendline, technical analysis, volume or candlestick chart conditions are met. Trade-Off The Chart, backtest, simulate and optimise your trading strategies, all without writing a single line of computer code. Set up a FREE account today.


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The information and data provided is for educational and informational purposes only. Interpretation and use of the information and data provided is at the user's own risk. All information and data on this website is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information and data is provided "as is" without warranty of any kind. We make no representations as to the accuracy, completeness, or timeliness of the information and data on this site and we reserve the right, in its sole discretion and without any obligation, to change, make improvements to, or correct any errors or omissions in any portion of the services at any times. Past performance is not a guarantee of future results. Trading carries a high level of risk to your capital and can result in losses that exceed your deposits. It may not be suitable for everyone so please ensure you fully understand the risks involved.


All services are provided by Mercor Index Ltd. TimeToTrade is a trading name of Mercor Index Ltd (a company registered in England and Wales under number 9479466). Our Registered address is 1st Floor, Aldermary House, 10-15 Queen Street, London, EC4N 1TX. Mercor Index Ltd is authorised and regulated by the Financial Conduct Authority number 679941.


The trading services offered by Mercor Index Ltd are not available to residents of the United States and are not intended for the use of any person in any country where such services would be contrary to local laws or regulations. Subscriptions to TimeToTrade products are available if you are not eligible for trading services.

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