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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 ^^!
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