The problem that I am having is that I cannot set up the alert script properly, Using the code :
alert1 = (xRSI > Overbought and signal < ) ? 1: 0
gives repeat signals every time the criteria reasserts itself, and I only want it to show an alert at the same time the bar color changes.
If I could get some advice on how to set up the alert so it only alerts me at the same time that the bars change color, it would be much appreciated.
//////////////////////////////////////////////////////////// study(title="Strategy MACD and RSI alert", shorttitle="Strategy MACD and RSI alert", overlay = false ) fastLength = input(8, minval=1) slowLength = input(16,minval=1) signalLength=input(11,minval=1) hline(0, color=purple, linestyle=dashed) fastMA = ema(close, fastLength) slowMA = ema(close, slowLength) macd = fastMA - slowMA signal = sma(macd, signalLength) Length = input(10, minval=1) Oversold = input(49, minval=1) Overbought = input(51, minval=1) xRSI = rsi(close, Length) pos = iff(xRSI > Overbought and signal < macd, 1, iff(xRSI < Oversold and signal > macd, -1, nz(pos, 0))) barcolor(pos == -1 ? red: pos == 1 ? green : blue) plot(pos, title="pos", style=line, linewidth=1, color=red )