How to Use TradingView Alerts to Catch Momentum Shifts Here’s a quick video on setting alerts in TradingView.
I use alerts for stocks I’m interested in but want to give more time to set up. Instead of using a basic price alert, I prefer setting alerts on MACD crossovers to signal when momentum is shifting back in my favor. As a rule of thumb, the deeper the crossover, the better the value and potential momentum. Crossovers below the MACD zero line are particularly useful, especially for stocks that had strong momentum and were making new highs before pulling back.
This approach helps confirm that the stock has had time to build a solid base before I enter. TradingView will then send me an email alert or play a chime if I have it open, letting me track multiple stocks and setups without constantly checking charts. It’s also great for monitoring take-profit and stop-loss levels.
You can apply the same strategy with nearly any indicator on TradingView to time your entries and exits with more confidence.
EOL trade ideas
EOL Big Cup + Handle with Solid Break-outHi TViewers,
Here we can see EOL formed a big cup and handle over the past 10 years. I'm no specialist in patterns but there are a few we should know. To me, the cup and handle is one of the bigger and more consistent patterns we see.
Apart from the cup and handle we see a good trend in play here. With all of our SMA's pointing in the right direction and in the right order (smallest time-frame should always be above longer time-frames to confirm an up trend).
Our recent move of 5.88% brought in some really good volume. Which to me indicates it's a serious move and will hopefully continue in the direction we want.
From a brief look into the fundamentals the rumour is EOL is a good bet during economic downturns but we will see if that plays out the way we want, if it comes to that.
Disclosing I am long on this. But please DYOR and remember this is not financial advise, it is purely for your educational interests.
Never invest more than you can afford to lose.
Good luck out there,
John