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There are three types of alerts at Range Extremes:
Market Structure Breaks
HTF Swing Failure Patterns (SFPs)
HTF-LTF Setups
Market Structure Breaks:
TIER AVAILABILITY: This option is available in BASIC, LITE, CORE and PRO
When HTF price closes through a range extreme, an alert will trigger confirming a Market Structure Break. This is hard coded into the indicator and as long as “ALL” alerts are enabled, this will fire for all indicator tiers.
HTF Swing Failure Patterns (SFPs):
TIER AVAILABILITY: This option is available in LITE, CORE and PRO
When enabled and HTF price fails to closes through a range extreme, an alert will trigger and label will print confirming a HTF SFP.
https://www.tradingview.com/x/UTPRn1il/
Potential HTF - LTF Setups:
TIER AVAILABILITY: This option is available in LITE, CORE and PRO
When enabled, a potential trade setup label and alert will generate when a HTF SFP is generated at a Range Extreme followed by a Chart Timeframe (LTF) MSB or MSS. These signals are agnostic to current Market Structure bias and will generate at both extremes