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Elder Impulse System MT5 Indicator

Elder’s Impulse System

Impulse System for the price bars

  • 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.

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.

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Elder Impulse System MT5 Indicator

 

Tim Morris
Tim Morrishttps://www.forexmt4indicators.com/
Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com
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