Hi,

When i place an alert on a specific price level using < or >,is their a way to limit the alert to say only two subsequent bars?,

Peter

Hi P

Justin’s solution works when restricting an Alert to just once per bar with real-time data, but there’s another situation where an alert testing for a logical state can repeat on multiple bars. This can be addressed by limiting a logical TRUE for the alert to just the first bar that the test state is TRUE. To do this you must change the last line of the alert from, say,

State; {=TRUE}

to

State {=TRUE on current bar} AND Ref(State,-1)=FALSE; {FALSE on previous bar}

A TRUE for the first bar of an alert could also be defined with

State {=1} AND Alert(State=0,2);

You do not need to include “=TRUE” or “=1” when testing a variable for a TRUE state because MetaStock assumes “=TRUE” is what you mean. If you’re testing for a FALSE condition, however, you must be specific about that and qualify with “=FALSE” or “=0”.

Roy

www.metastocktips.co.nz