How to Create a High Impact News Alert in Pinescript
Trading around high-impact news events can be risky but also highly profitable. High-impact news alerts in Pine Script help traders stay informed about major economic events that may cause significant market volatility.
What is a High-Impact News Alert?
A high-impact news alert notifies traders of major economic events, such as:
- Interest Rate Decisions
- Non-Farm Payrolls (NFP)
- CPI (Inflation Data)
- GDP Reports
- FOMC Meetings
These events cause market volatility, making it crucial to get real-time alerts for quick trading decisions.
Step-by-Step: Creating a High-Impact News Alert in Pine Script
1. Setting Up Pine Script
First, open TradingView and create a new Pine Script strategy by clicking:
📌 Pine Editor → New Script
2. Adding a News Source (Manual or API-Based)
Since Pine Script does not support external API calls, you have two options:
✅ Manual Input: Define key news times inside the script.
✅ CSV/Google Sheets Import: Upload news events manually into TradingView.
3. Creating Visual Alerts
To make alerts more visible, you can add plot markers on the chart:
4. Customizing Alerts for Different News Events
You can modify the script to differentiate between different types of news alerts:
Best Practices for Using High-Impact News Alerts
✔️ Set Alerts for Key Economic Events – Customize your script with dates/times of major reports.
✔️ Use Multiple Timeframes – Apply alerts to higher timeframes (e.g., 1H or 4H) for better trend confirmation.
✔️ Combine with Technical Analysis – Use support/resistance levels, Bollinger Bands, or RSI for extra confirmation.
How to Create a High Impact News Alert in PinescriptHow to Create a High Impact News Alert in PinescriptHow to Create a High Impact News Alert in Pinescript
Trading Strategy
Accuracy = 52-65% (varies on each asset)
Backtested – for last 10 year data
Take Profit and Stop Loss Ratio 1:2, 1:3
Zoom Call Proof are Available
Conclusion
Setting up a high-impact news alert in Pine Script is a powerful way to stay ahead of market-moving events. While Pine Script doesn’t support direct API integration, you can manually input event times or use external data sources.