How does the “Indicator with value” trigger type work?
The “Indicator with value” trigger type lets you compare an indicator against a defined value. It triggers when the indicator reaches the defined value.
Use this trigger type when you want the system to evaluate an indicator against a fixed number instead of comparing it with another indicator.
What does “Indicator with value” mean?
In the Comparison type field, selecting Indicator with value means the trigger is based on an indicator reaching the value set by you.
This trigger type is useful when you want to create a condition based on whether an indicator reaches a specific level on the selected Symbol and Timeframe. For example, an algo trader can use it to track whether an indicator Crosses above a defined value and use that condition as part of an automated strategy.
Instead of comparing one indicator to another indicator, this setup checks the relationship between the selected indicator and the value entered in Trigger value. This makes it suitable for strategies where the signal depends on a predefined level.
- Open Edit node configuration.
- Under the Configure tab, go to Comparison type.
- Select Indicator with value.
- In Symbol, choose the required symbol using Search for symbol.
- In Indicator type, select the required indicator.
Example shown: Exponential Moving Avg - Enter the Length.
Example shown: 14 - Select the Timeframe.
Example shown: 1m - In Comparison operator, choose the required condition.
Example shown: Crosses above - In Trigger value, enter the required value.
Example shown: 100.1 - Click Apply.
Note:
- This trigger type compares an indicator with a defined value, so it uses the Trigger value field.
- Make sure Comparison type is selected as Indicator with value to view the Trigger value field.
Important:
- You can only start, stop, pause, resume, and monitor automations from the FYERS App.
- Creating or editing automation logic must be done on FYERS Web.
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