Here are some examples of how the triggers can be used:
Creating an SIP alert
LastTradedPrice('NSE:INFY') > 0 && Day()==10 && Hour()==14
The triggers can be set to alert only on certain time intervals with date conditions. The following trigger evaluates to
True if the LastTradedPrice of
INFY is above 0 and the day of month is 10th and time is 14:00:00 (2PM).
Placing an alert to BUY a CALL Option when the underlying security moves. For example, BUY when
RELIANCE moves up and the option is still priced lower.
LastTradedPrice('NSE:RELIANCE') >= 921.50 && LastTradedPrice('NFO:RELIANCE18MAY920CE') <= 14 && OpenInterest('NFO:RELIANCE18MAY920CE') <= 650000
Placing an alert for a breakout in a scrip. For example, get an alert when LTP of ITC crosses above the day's high.
LastTradedPrice('NSE:ITC') > HighPrice('NSE:ITC')
Placing an alert for a Breakdown in a script. For example, get an alert when LTP of ITC crosses below the day's low.
LastTradedPrice('NSE:ITC') < LowPrice('NSE:ITC')
Placing an alert for a Bullish move in a stock. For example, get an alert when INFY is above 3% & Volume or Open Interest is higher than other stock in same sector:
DayChangePercent('NSE:INFY') > 3% && VolumeTraded('NSE:INFY') > VolumeTraded('NSE:TCS') || OpenInterest('NFO:INFY18MAYFUT') > OpenInterest('NFO:TCS18MAYFUT')
Placing an alert comparing prices in different exchange for arbitrage opportunities. For example get an alert when LTP of INFY in NSE is higher than LTP in BSE.
These are just a few examples to get you started. There are endless combinations of the triggers you can create with different functions and operators. Start creating triggers now