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This is the second part of the video – how to build a simple EMA crossover Buy Sell alert system in Excel.
Here you will learn how to write a macro which will send an email automatically when a BUY or SELL signal is generated.
But before that let’s have a quick recap of the important things we learnt in the previous part.
For this step you will need the Developer tab available in your ribbon.
The Developer tab isn’t displayed by default, but you can add it to the ribbon by using the following steps.
On the File tab, Select Options and then Customize Ribbon.
Under Customize the Ribbon and under Main Tabs, select the Developer check box and click OK.
Note that this is a one-time process. Once you enable the Developer Tab, it will always be shown in a custom ribbon for every Excel instance you open, unless you clear the check box.
One of the many uses of the Developer tab is to write/record macros and run macros that you previously recorded.
Now what are macros in Excel?
Macros are simply a set of instructions that tell Excel what to do. They are like mini programs that perform repetitive tasks, saving you a lot of time and typing.
After you’ve created a macro, Excel will execute those instructions, step by step, on any data that you give it. For example, you could have a macro that tells Excel to take a number, multiply by two, add five, and return the modulus.
Now, whenever you tell Excel to run that macro, you don’t have to manually do each step; Excel will do that work for you.
Here you will not learn the basics of how to write a macro but will specifically learn how to write a macro that tracks a change on the Buy/Sell signal text column and sends an email automatically when a BUY or a SELL text is seen.
If you wish to learn the basics please refer to the many tutorials available on YouTube.
Select the Developer tab and then select Visual Basic option.
Insert a new module.
Initialize a new subroutine and name it as Buy_Sell_Alert.
Here you will be using Outlook as your email client. So please configure Outlook to send or receive messages. I will not be covering that part here.
To get access to Outlook methods and properties, we have to create an instance of Outlook. To initialize the Outlook application, we will use the CreateObject function to create an object of the application.
Dim emailApplication As Object
Set emailApplication = CreateObject(“Outlook.Application”)
Use object emailItem to create an Outlook item. This will give access to properties such as to, body and subject etc.
Dim emailItem As Object
Set emailItem = emailApplication.CreateItem(0)
Now set up a variable BuySell to hold text.
Dim BuySell As String
You will use this variable to store the value of the G2 cell of Sheet 1. This can either be Buy or Sell or a blank value.
Set the To property of the emailItem Object to your desired email id. Here I used email@example.com
emailItem.to = “firstname.lastname@example.org”
Based on the value of the BuySell string, set the Subject and Body properties of the emailItem Object to a custom text and send the message to the desired email id using Send property.
For this you will be using the IF ELSE statement.
That is, if a BUY text is detected, set the Subject and Body properties to Buy alert for Nifty and This is a Buy alert for Nifty. 5 EMA has now crossed over 13 EMA and send the message.
And if a SELL text is detected, set the Subject and Body properties to Sell alert for Nifty and This is a Sell alert for Nifty. 13 EMA has now crossed over 5 EMA and send the message.
And if a blank value is detected, do nothing.
Finally set both the emailItem and emailApplication objects to Nothing to release the objects from memory.
Set emailItem = Nothing
Set emailApplication = Nothing
Test the macro by filling the G2 cell of Sheet 1 with the text BUY. If the email is successfully delivered to your inbox then you are all set and no further action is needed.
Finally please do not forget to save this Excel file as an xlsm file to make it work every time you open the file up! Simply go to File, Save as, and choose the drop down for macro files.
What Is Ema Crossover, How to build a simple EMA crossover Buy Sell alert system in Excel (Part 2) | 5/13 EMA Crossover.
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