Alerts

Oscillator Concepts provides alert options for overbought/oversold conditions and divergence signals. All alerts fire once per bar close and include the symbol and timeframe in the message format: [SYMBOL TIMEFRAME] Signal Description.

Overbought/Oversold Alerts

OS/OB Conditions

Triggers when: The oscillator enters an extreme zone

• Overbought: Oscillator crosses above +1

• Oversold: Oscillator crosses below -1

Alert messages:

• [SYMBOL TIMEFRAME] OS/OB Condition — Entered Overbought (> +1) [bearish condition]

• [SYMBOL TIMEFRAME] OS/OB Condition — Entered Oversold (< -1) [bullish condition]

Use case: Know when the oscillator enters an extreme state. Useful for identifying when price is in overbought or oversold territory.

OS/OB Signals

Triggers when: The oscillator returns from an extreme zone back inside the ±1 band

• From Overbought: Oscillator crosses back below +1

• From Oversold: Oscillator crosses back above -1

Alert messages:

• [SYMBOL TIMEFRAME] OS/OB Signal — Overbought re-entry back inside band (bearish)

• [SYMBOL TIMEFRAME] OS/OB Signal — Oversold re-entry back inside band (bullish)

Use case: Mean reversion opportunities. Often used as a potential mean-reversion cue when price returns from extremes.

Divergence Alerts

Divergence Conditions

Triggers when: A regular divergence pattern is detected at pivots (raw detection, no high-probability filter)

• Bullish Divergence: Price makes lower low (LL) while oscillator makes higher low (HL) at pivot lows

• Bearish Divergence: Price makes higher high (HH) while oscillator makes lower high (LH) at pivot highs

Alert messages:

• [SYMBOL TIMEFRAME] Divergence Condition — Bullish Regular Divergence (raw)

• [SYMBOL TIMEFRAME] Divergence Condition — Bearish Regular Divergence (raw)

Use case: Early divergence detection. Alerts as soon as a divergence pattern is detected, without filtering.

Note: Requires the Divergences component to be enabled in the Components group.

Divergence Signals

Triggers when: A regular divergence is confirmed by the high-probability filter

• Bullish Divergence: Price LL + Oscillator HL, with at least one oscillator pivot outside the ±1 band

• Bearish Divergence: Price HH + Oscillator LH, with at least one oscillator pivot outside the ±1 band

Alert messages:

• [SYMBOL TIMEFRAME] Divergence Signal — Bullish Regular Divergence (confirmed)

• [SYMBOL TIMEFRAME] Divergence Signal — Bearish Regular Divergence (confirmed)

Use case: High-probability divergence signals. More selective than Conditions alerts, requiring at least one oscillator pivot to be outside the ±1 band. Fewer false positives.

Note: Requires the Divergences component to be enabled in the Components group. The high-probability filter can be toggled in the Divergences settings.