Now it looks like this: So, we have a few options:
1. We can already Sell and take the risk,
2. We can wait for a retest up and then Sell at a better price,
3. If the price just dumps without a retest, well maybe there will be an opportunity on the way down?
Personally, I prefer option #2.

If we want to be very aggressive, we need to trade this: It was worth the risk!

An example of trade in progress:

@mrtools
The alerts aren't texting properly.
In the attached image we see that a candle closed above the lower band of the channel (zone) and the alerts says that it closed ("crossing") above the upper channel. In this case the alert should say "crossing the lower channel UP"".
Also, NOT "bb stop line" but "candle"!
I don't want bb stop lines at all, not alerts, not the lines.
I can use clrNone for the lines, no problem, but I don't have the options for alerts.

Now the candle closed above upper channel, but no alert was issued.

Just confirming that the alerts are wrong, because I got no alerts here:

Dadas wrote: Thu Jul 17, 2025 5:01 am Just confirming that the alerts are wrong, because I got no alerts here:
2025-07-16_210051.jpg

Thanks for testing and sorry for the problems, added an option to show the bb line and hopefully fixed the alerts. On the alerts there are options for crossing the upper/lower bands both ways, option for alerts on every breakout, and alerts for either the high/low or close to cross the upper/lower bands.

mrtools wrote: Thu Jul 17, 2025 7:15 am Thanks for testing and sorry for the problems, added an option to show the bb line and hopefully fixed the alerts. On the alerts there are options for crossing the upper/lower bands both ways, option for alerts on every breakout, and alerts for either the high/low or close to cross the upper/lower bands.

The "lower band down" alert is OK.

Dadas wrote: Thu Jul 17, 2025 7:37 pm 2025-07-17_113255.jpg
2025-07-17_114514.jpg
The "lower band down" alert is OK.

Please try redownloading from the last post. To me it seems correct now but would like your verification when you can please!

mrtools wrote: Fri Jul 18, 2025 12:00 am Please try redownloading from the last post. To me it seems correct now but would like your verification when you can please!

I will certainly do that.
Thank you, and I will inform you about the results.

No, still wrong. The alert says that price crossed upper band, and it crossed the lower band.
It seems like there is no change.
And there are no alerts on the upper line, either.

PS. I would gladly fix it by myself, if I had the source code.
You must understand that creating an iCustom() alert indicator for this one is rather complicated taking into account the enums which need to be created... Analogically for DOWN.

Would you like me to write down my conditions in code?

Weird this is what I have while testing, alerts exactly how you said!

ps) and just now a new lower band alert

mrtools wrote: Fri Jul 18, 2025 2:51 am Weird this is what I have while testing, alerts exactly how you said!

ps) and just now a new lower band alert

Yes, weird for sure.
I did replace the indicator with the one in your latest post.
I will try again, and see.