This indicator is coded to have all the setting to have the triple screen trading system by Dr . Alexander Elder. You can use different oscillator and can switch between elder force index (for more active traders) and stochastic (for more conservative approach) you just have to check or
uncheck the relative button on the indicator setting, it will switch...
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
The purpose of Impulse Release is to prevent trading in the wrong direction. While the Impulse System operates in a single timeframe, Impulse Release is based on two timeframes. It tracks both the longer and the shorter timeframes to find when the Impulse points in the same direction on both.
Its color bar flashes several signals:
If one timeframe is in a buy...
Elder-ray is an indicator named for its similarity to x-rays.
It shows the structure of bullish and bearish
power below the surface of the markets. Elder-ray combines a trend-
following moving average with two oscillators to show when to enter
and exit long or short positions.
A moving average reflects the average consensus of value. The high of
each bar reflects...
The MACD XOver indicator was developed by John Bruns to predict the price point at which MACD Histogram will reverse the direction of its slope.
The indicator is plotted one day ahead into the future, allowing, if your strategy depends on MACD Histogram, to predict its reversal point for tomorrow (or the next bar in any timeframe). If the closing price tomorrow...
The impulse system :
The Impulse System combines two simple but powerful indicators.
One measures market inertia, the other its momentum. When both
point in the same direction, they identify an impulse worth following.
We get an entry signal when both indicators get in gear.
The Impulse System uses an exponential moving average to find
uptrends and downtrends....
Here's a modified version of the Elder Ray Index created by the famed Dr.Alexander Elder. This indicator has proven to be especially helpful lately given the crazy state of crypto.
Slow Moving Average:
The top chart shows the moving average used to filter trends. I recommend using a higher window length(can be adjusted with the 'lenSlowMA' input option). I...
A Double Exponential Moving Average (DEMA) with three sets of channel lines each one Average True Range (ATR) apart, above and below the DEMA.
Similar to my "ATR Channels" indicator, but using a DEMA instead of an EMA for the base. In addition, this indicator also plots a fast DEMA as well as a fill between the two. Fully customizable, you can toggle both DEMAs,...
An Exponential Moving Average (EMA) with three sets of channel lines each one Average True Range (ATR) apart, above and below the EMA. Fully customizable, you can toggle the EMA and ATR set visibility, line colors, etc.
Inspired by Elder's 'The New Trading For a Living', page 93: "Kerry Lovvorn likes to plot 3 sets of lines around a moving average: at one, two,...
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 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.
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...
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
- 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...
This new indicator analyzes the balance between bullish and
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