60 Minute Low

Table of Contents

These alerts report when a stock makes a new intraday high or low.  These alerts are defined in terms of a standard candlestick chart.  Look at the current candle that is building for a stock, and compare that to the previous candle.  The first time that the current candle goes above the high of the previous candle, we report a new high.  The first time that the current candle goes below the low of the previous candle, we report a new low.  We ignore candles with no volume; we always go back to the last candle representing at least one trade.

These alerts are based strictly on traditional candlestick analysis.  These alerts only look at price and time, and they do not filter out bad prints.  Most of our alerts take volume, spread, and volatility into account.  This trade-off makes these alerts slightly easier to understand than most of our alerts, but much noisier.

These alerts can serve the purpose of a trailing stop.  They constantly tell you when the stock price pulls back in one direction or the other.  The best way to use these alerts is to apply them to your current portfolio so you know if one of your positions is moving away from you. 

Alert Info for 60 Minute Low [IDL60]