Setting Conditional Alerts

Follow these steps to create a Conditional Alert using Momentum Concepts:

Step 1: Enable Conditional Alerts in the Momentum Concepts Alerts Extension Indicator

1. Add the Momentum Concepts Alerts Extension indicator to your TradingView chart.

2. Open the Settings for the Momentum Concepts indicator.

3. Navigate to the Conditional Alerts Triggers and Conditional Alerts States sections.

4. Enable Condition 1 through Condition 7 based on the signals you want to include.

Step 2: Configure Conditions and States

Each condition can monitor either a Trigger (a one-time event like a crossover) or a State (a persistent condition like being above a zero line).

Example setup: ✔️ Condition 1 → Trigger: Fast Osc Bullish Reversal Signal ▲ ✔️ Condition 2 → State: Scalper's Momentum Above Zero ↗ ✔️ Condition 3 → State: Momentum Impulse Osc > 0 ⧁

How to Configure Conditions:

1. Enable each condition you want to use (e.g., check the box for Condition 1).

2. Select your desired signal from the dropdown menu. Triggers and States are grouped in separate sections. You can choose up to 7 of each.

3. Repeat for all conditions you want to include in your alert.

Step 3: Create the Conditional Alert in TradingView

1. Open the Alerts menu in TradingView (the clock icon on the right-hand toolbar).

2. Click Create Alert.

3. In the Condition dropdown, select AlgoAlpha - 🚨λ Momentum Concepts Alerts.

4. Choose Conditional Alert from the second dropdown list (this is only visible if you have enabled at least one condition in the indicator settings).

5. Configure Alert Actions (e.g., Show pop-up, Send email, Webhook URL).

6. Click Create to activate the alert.

Step 4: Verify Settings

Once your settings are configured, a grey line titled 'Alert History (For Debugging)' will appear on the indicator pane. This line plots all historical instances where your combined conditions were met. Each spike indicates that the alert would have triggered, allowing you to visually confirm your setup before activating it.

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Example Setup: High-Confidence Bullish Alert

Imagine you want an alert that only triggers when the market shows a high-probability bullish setup. The alert should fire when:

1️⃣ Scalper's Momentum has a bullish crossover (Trigger). 2️⃣ Momentum Impulse Oscillator confirms a bullish environment (State). 3️⃣ Fast Oscillator also confirms it is in bullish territory (State).

How to Set It Up:

✔️ In the indicator settings, go to the "Conditional Alerts Triggers" section. Enable Condition 1 and select Scalper's Momentum Bullish ↗. ✔️ Go to the "Conditional Alerts States" section. Enable Condition 1 State and select Momentum Impulse Osc > 0 ⧁. ✔️ Enable Condition 2 State and select Fast Osc Above Zero ◉. ✔️ In TradingView's alert creation menu, create an alert using AlgoAlpha - 🚨λ Momentum Concepts Alerts and select the Conditional Alert option. ✔️ Set your alert actions and click Create.

🚀 This alert will only trigger when the Scalper's Momentum crossover occurs while the other two components are already in a bullish state, significantly reducing false signals and ensuring high-confidence entries.

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Best Practices for Using Conditional Alerts

• Avoid Conflicting Signals Ensure your conditions align to prevent the alert from never triggering. For example, do not set an alert that requires both Trigger_1: Fast Osc Trending Up ● and Trigger_2: Fast Osc Trending Down ●.

• Use Multi-Indicator Confirmation Combine signals from different components of Momentum Concepts for greater confidence. For example, pair a trigger like Fast Osc Bullish Reversal Signal ▲ with a confirming state like Momentum Impulse Osc > 0 ⧁ for validation.

• Prioritize Triggers over States for Entries Use Triggers (like crossovers) for your primary entry signal, as they fire only once. Using only States can cause an alert to fire on every single bar for as long as the state is true. This approach will help you maintain a streamlined and effective alert system by reducing signal clutter.