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CryptoVN - Elder Impulse System
The Elder Impulse System indicator identifies transitions where a trend speeds up or slows down. The Impulse System is based on two indicators, a exponential moving average over a number of days and the MACD histogram. The moving average identifies the trend, while the MACD histogram measures momentum.
As a result, the Elder Impulse System combines trend following and momentum to show tradable impulses.
Formula
Bullish price bar:
(13-period EMA > previous 13-period EMA) and (MACD-Histogram > previous period's MACD-Histogram)
Bearish price bar:
(13-period EMA < previous 13-period EMA) and (MACD-Histogram < previous period's MACD-Histogram)
Neutral price bar: when conditions for a bullish price bar or bearish price bar are not met.
For more info: stockcharts.com/school/doku.php?id=chart_school:chart_analysis:elder_impulse_system
(*) My Advice to You:
- The Trend Is Your Friend. TRADE WHAT YOU SEE, NOT WHAT YOU THINK.
Happy Trading Life ^^!
As a result, the Elder Impulse System combines trend following and momentum to show tradable impulses.
Formula
Bullish price bar:
(13-period EMA > previous 13-period EMA) and (MACD-Histogram > previous period's MACD-Histogram)
Bearish price bar:
(13-period EMA < previous 13-period EMA) and (MACD-Histogram < previous period's MACD-Histogram)
Neutral price bar: when conditions for a bullish price bar or bearish price bar are not met.
For more info: stockcharts.com/school/doku.php?id=chart_school:chart_analysis:elder_impulse_system
(*) My Advice to You:
- The Trend Is Your Friend. TRADE WHAT YOU SEE, NOT WHAT YOU THINK.
Happy Trading Life ^^!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.