Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living".
You can adjust the EMA and ATR days that are the basis of these channels.
This is my first script – happy to get any feedback on this! Thanks :)
The idea is to combine Elder Impulse System with AutoEnvelope. It's usefull for free accounts to have more indicators on chart.
So what would on chart:
- fast ema
- slow ema
- AutoEnvelope
- Bar colour changed after signals of upcending/discending fast ema + upcending/discending macd
I've used Elder Impulse System by samuel16 and Elder's AutoEnvelope indicator...
Three Elder screens.
MACD + RSI/Stoch + BB
the author of the script of the @Maga3. Made specifically for me
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Три экрана Элдера. MACD + RSI/Stoch + BB
Автор скрипта @Maga3. Сделано специально для меня.
Hello traders!
This indicator was originally developed by Daniel Fernandez (Currency Trader magazine, 2011).
It is based on the two well-known indicators by Dr. Alexander Elder - Bulls Power and Bears Power.
Signals
1) Long when Bull and Total lines indicate 100 (it happens rarely)
2) Short when Bear and Total lines indicate 100 (it happens rarely)
3) Bull and...
This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.
This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).
In short, this is a trailing...
This new indicator analyzes the balance between bullish and
bearish sentiment.
One can cay that it is an improved analogue of Elder Ray indicator.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
This is an implementation of John Ehlers’ Adaptive RSI, as described in his book Rocket Science for Traders: Digital Signal Processing Applications (2001-07-20).
It does not need a length value to be specified by user. It adopts itself perfectly to the price chart.
It integrates the idea of automatically determining the Dominant price cycle through a Homo-dyne...
Elder Ray divergence detector for cryptocurrencies.
this indicator detects divergence of bull power and bearpower and sent signal with triangle at bottom or triangles at top, and you can configurates to send alterts.
Works on cryptocurrencies in chart of m5 or m30.
Recomended only use on high volume cryptos.
Works good in ranges.
To clarify the oblique lines are...
It calcules signals for the next 1 day and have diferents combinations of signals
from the histogram to the up or down triangles at the top that change depending on the previous day's reading of histogram.
Only use it on timeframes of M5 or M30 dont use on 1D.
Complete guide to how to use it:...
Similar indicators already published have modifications with respect to Elder's theory. This indicator fulfills literally what is described in the New Trading For A Living.
Similar indicators already published have modifications with respect to Elder's theory. This indicator fulfills literally what is described in the New Trading For A Living.
The idea is to see Elder's force index smoothed EMA in different time frame simultaneously.
Default intervals are (2) and (13)
Base on samuel16 script.
Reference: Transcription of script taken from TC2000 - forums.worden.com
Please let me know if you want me to change the script in anyway, or add new features
This new indicator analyzes the balance between bullish and
bearish sentiment.
One can cay that it is an improved analogue of Elder Ray indicator.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
This modified strategy backtest from HPotter
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying
and selling pressure in the market. The Elder-ray is often used as part
of the Triple Screen trading system but may also be used on its own.
Dr Elder uses a 13-day exponential moving average (EMA) to indicate the
market consensus of value. Bull Power measures the ability of buyers to...
