Most trades will show increased interest when the price starts to get the near 52-week high or low price ranges because these are very strong support and resistance levels calculated over a long period. traders may buy when the price passes above the 52-week high and sell when the price drops below the 52-week low, but also it could be seen as a price reversal, so it is best to use other indicators and analyse the market so that you know which direction the price may go.
"This indicator will send an instant Telegram message directly to your mobile phone when the 52-week levels are breached"
- Use on any timeframe for swing trading and day traders.
- Ability to add multiple indicators to the same chart with different weekly highs and lows.
- Option to set any number of weeks 1-52.
- Helps identify break-outs and price reversals.
- Sends an instant Telegram alert to your mobile phone.
- Sends an email message alert.
- Displays a popup window alert.
Please note that this indicator starts with a 1-week high and low setting, for the 52-week view change it to 52.
Multiple Indicators on the Same chart
You can also have multiple copies of this indicator on the same chart with up to 52 different weekly timeframes, the chart below shows both week 1 and week 20, when the price passes any one of these then a Telegram message alert will be sent to your mobile phone.
Darvas Box Theory Strategy
This indicator can be used in conjunction with the cTrader Darvas Box indicator.
Configure Your Telegram Alerts
A useful feature included with this indicator is the ability to receive instant Telegram alerts when a signal is generated.
How To Install
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.
Join Telegram Community
You can join a Telegram community and chat with other traders to discuss, share and ask for help.