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 automatically. The barcolor reflect the underline trend based on a bigger timeframe, 5 time greater than the one you apply the indicator to.
I'm familiar with Triple screen but how do you use this, what do the lines and the red and green indicate.
xyf80
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Hi Bitcon is there a explanation how to use this script? Thanks
Amol_Pawar
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But how to use it?
anderam
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First of all - great attempt - but heavily buggy. Several zones which should be blue, are rendered as BUY or SELL. Is there any way how can I pass a screenshot?
Just backtested through 5M and 30M charts. I trade mostly according to them. There are superfalse positives (Buy signal or sell signal in the middle of the slopes) all over the place on RTH and ETH as well.
acostello0874
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Hi I have been trying to tweak the time ratio in the script to use a value of 7 instead of 5, but changing the value seems to have no effect to the buy/sell indications. Would this suggest there is a problem?
zbank500
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The impulse system is flawed here, it does not match up with the elder impulse script.
Biticon
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@zbank500, hello zbank500, what elder impulse script you refer to? this one is elder triple screen, is different from normal impulse.