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_s...

(*) My Advice to You:

- The Trend Is Your Friend. TRADE WHAT YOU SEE, NOT WHAT YOU THINK.


Happy Trading Life ^^!