🔔Creating Custom Alerts

Custom alerts are one of ErkeScan's most powerful features, allowing you to monitor specific market conditions that matter to your trading strategy. This guide will help you understand how to create effective alerts that can identify trading opportunities and help you make data-driven decisions.

What Are Custom Alerts?

Custom alerts are personalized notifications based on specific market parameters and thresholds that you define. When your specified conditions are met, ErkeScan sends you an immediate notification via Telegram. This allows you to:

• Monitor multiple assets and conditions simultaneously

• Receive instant notifications about important market developments

• Automate your market analysis process

• Never miss trading opportunities that match your criteria

Alert Parameters Explained

ErkeScan offers a wide range of parameters that you can use to create custom alerts:

Price-Based Parameters

• Price Change: Percentage change in price over a specified timeframe

Volume-Based Parameters

• Volume Change: Percentage change in trading volume

Open Interest Parameters

• OI Change: Percentage change in open interest

How to Create Effective Alerts

Step 1: Define Your Trading Scenario

Before creating an alert, clearly define what market scenario you're trying to identify:

• Potential breakouts from consolidation

• Trend reversals at key levels

• Unusual volume or open interest activity

• Whale accumulation or distribution patterns

• Technical indicator signals

Step 2: Select Appropriate Parameters

Choose parameters that best identify your target scenario:

Example: Breakout Alert

• Price Change > 3% (within 1 hour)

• Volume > 150%

• Open Interest Change > 5%

Step 3: Set Appropriate Thresholds

Determine threshold values that balance between:

• Being sensitive enough to catch important moves

• Being specific enough to avoid excessive notifications

Consider these factors when setting thresholds:

• Asset volatility (more volatile assets need wider thresholds)

• Timeframe (shorter timeframes need smaller percentage changes)

• Market conditions (trending vs. ranging markets)

• Your trading frequency (day trading vs. swing trading)

Creating Alerts via Web Dashboard

The web dashboard provides the comprehensive alert creation interface:

1. Log in to the ErkeScan web dashboard

2. Navigate to the "Alerts" section

3. Click "Create an Alert"

4. Follow these steps:

Condition Configuration

• Add conditions that must be met simultaneously

• For each condition:

  • Select the parameter (Price Change, Volume, etc.)

  • Choose the operator (>, <, =, ≥, ≤)

  • Enter the threshold value

  • Set any additional options specific to that parameter

Review and Save

• Review your alert configuration

• Save the alert to activate it

Alert Management Best Practices

Organizing Your Alerts

As you create multiple alerts, organization becomes important:

• Use consistent naming conventions (e.g., "4H_Breakout")

• Regularly review and clean up unused alerts

Avoiding Alert Fatigue

Too many alerts can lead to notification fatigue:

• Focus on quality over quantity

• Use appropriate thresholds to avoid excessive triggering

Testing and Refining Alerts

Improve your alerts over time:

• Monitor which alerts provide valuable trading opportunities

• Adjust thresholds based on performance

• Remove or modify alerts that trigger too frequently

• Create new variations of successful alert patterns

Next Steps

Now that you understand how to create custom alerts, explore these related sections:

• Trading Strategies & Applications - Discover practical trading strategies using ErkeScan alerts