First Touch Signals

The First Touch Signals indicator plots signals, targets, and stops based on support and resistance from various moving average types.  The trend is established based on a minimum number of bars above or below the moving average.  The signal is initiated on the first touch of the moving average.

The indicator is highly customizable based on your experience with moving averages and Chart types.

• Moving Average Period – set the period, such as 8, 14, 20, 50, or 200.
• Moving Average Type – choose DEMA, EMA, HMA, SMA, TMA, WMA.
• Bar Count (Minimum) – number of bars required above or below the moving average, for a pullback signal to be qualified.
• Bar Count (Maximum) – maximum number of bars above or below the moving average, for a pullback signal to be qualified.
• Time Filter – set up to three time windows where trades are allowed.
• Secondary Trend – filter out signals based on higher time frame trends.
• Exit Orders – set multipliers based on the ATR for target and stop loss orders.
• Other Visual Settings – because we believe in beautiful Chart windows, pleasing to the eye