Charting and Studies User Guide - CQG.com

First Alert Parameters
Parameters are:
• Display
• MarkIt
• Type: Determines which Trigger Line you would like to use for the First Alert.
FT = Fast Trend is the Fast Trigger located in the ATM Trigger study.
ST = Slow Trigger located in the ATM Trigger and ATM EZ Indicator studies.
TRT = Trend Reversal Trigger located in the ATM EZ Indicator.
• Anchor Period: The highest/lowest point in the last "x" bars. Once the market
establishes a new anchor point the study begins looking for the FA opportunity.
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• Lower Threshold: Establishes the level by which the atmTrigger (FT, ST or TRT) needs
to reach before turning up for the ATM First Alert buy opportunity.
• Higher Threshold: Establishes the level by which the atmTrigger (FT, ST or TRT)
needs to reach before turning down for the ATM First Alert sell opportunity.
• Recycle: When turned on, the study will stop looking for the old FA opportunity and
begin looking for the new FA opportunity when the market establishes a new Anchor
Point prior to an FA opportunity.
• Stops: The last exit opportunity for the FA study. This point is represented by a
horizontal bar above/below the FA. This horizontal bar will appear if the FA begins
above/below the selected chart or cross-referenced stop line. It stops advancing
horizontally when the price closes below/above the lower/upper selected chart or crossreferenced
stop lines. If the FA study begins below/above the selected chart or crossreferenced
stop line, it will not have a horizontal stop bar. FA then uses the chart or
cross-referenced stop line.
• Max$Risk: Represents the amount (in dollars) you are willing to risk per contract. The
FA will appear on the chart, provided the alert occurs within the dollar limits set by the
user. The risk is calculated from the close on the bar that generated the FA signal to the
selected chart or cross-referenced stop line. The Max $ Risk represents only the predetermined
amount between the FA closing bar and the chosen stop line and makes no
claim that the exit will be executed within the specified dollar amount.
• Qualified: When turned on, this feature eliminates ATM First Alert opportunities that
appear when an opposing ATM Stop Line is being displayed. If no ATM Stop Line is
displayed, then the ATM First Alert will appear. If the ATM Stop Line is a Sell Stop Line,
then the ATM First Alert buy will display. If the ATM Stop Line is a Buy Stop Line, then
the ATM First Alert sell will display.
Charting and Studies User Guide