Thanks. Is it the Pro version that will trigger alerts off of studies?
That's correct, Professional and Ultimate Edition come with Advanced Alerts that can trigger based off studies. Here is an explanation:
Simple Price Alerts
Simple Price Alerts are included in all of the current MotiveWave editions.
A Price Alert (an alert for when a price for a particular instrument has been reached), does not require a chart in order to execute. It will be triggered by the bid/ask or last price of an instrument. Price Alerts can be created directly from the Alerts panel or from the Price Axis of a chart.
Advanced Alerts
Advanced Alerts are available in the Professional and Ultimate Editions only.
Advanced Alerts include:
- Study Alerts - Alerts can be based on values that are generated as part of a study using one of the following comparisons:
- Absolute Comparison - A study value is compared to a specific value (ie -0.1174).
- Relative Comparison - A study value is compared against another study value (in the same plot), for example, where the value of one study KAMA(C,20) crosses the value of another study (Tenkan-Sen(9))
- Component Alerts - Some components can be used to generate alerts. For example, you could create an alert for when a moving average crosses a trend line.