Alert Rules

Having configured thresholds you can set up alert rules to be alerted when any of the monitored CloudWatch metrics crosses them. Click the top right corner of your monitor to open the context menu and select Alert Rules.Alert_Rules

Select the threshold type (Critical or Warning) and configure the alerting options.
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Click Add Rule when done. You will start receiving alerts whenever your monitor crosses the selected threshold.

See Alert Rules in Alerts 2.0 for more info.