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According to Elder, "The Impulse System encourages you to enter a trade cautiously but exit fast, by identifying inflection points where a trend speeds up or slows down. This is the professional approach to trading, the total opposite of the amateur's style. Beginners jump into trades without thinking too much and take forever to get out, hoping and waiting for the market to turn their way."
The Impulse System is based on two indicators, a 13-day exponential moving average and the MACD-Histogram. The moving average identifies the trend, while the MACD-Histogram measures momentum. As a result, the Impulse System combines trend following and momentum to identify impulses that can be traded.
By default it uses your chart's time frame, but you can set it to any custom time frame via options page. Optionally, price bars can be color coded too.
More info:
http://stockcharts.com/school/doku.php?i...
Steps to import / use custom indicators from this chart:
PDF: https://drive.google.com/file/d/0Bx48Du_...
The Impulse System is based on two indicators, a 13-day exponential moving average and the MACD-Histogram. The moving average identifies the trend, while the MACD-Histogram measures momentum. As a result, the Impulse System combines trend following and momentum to identify impulses that can be traded.
By default it uses your chart's time frame, but you can set it to any custom time frame via options page. Optionally, price bars can be color coded too.
More info:
http://stockcharts.com/school/doku.php?i...
Steps to import / use custom indicators from this chart:
PDF: https://drive.google.com/file/d/0Bx48Du_...
// // @author LazyBear // // If you use this code in its original/modified form, do drop me a note. // study("Elder Impulse System [LazyBear]", shorttitle="EIS_LB") useCustomResolution=input(false, type=bool) customResolution=input("D", type=resolution) source = security(tickerid, useCustomResolution ? customResolution : period, close) showColorBars=input(false, type=bool) lengthEMA = input(13) fastLength = input(12, minval=1), slowLength=input(26,minval=1) signalLength=input(9,minval=1) calc_hist(source, fastLength, slowLength) => fastMA = ema(source, fastLength) slowMA = ema(source, slowLength) macd = fastMA - slowMA signal = sma(macd, signalLength) macd - signal get_color(emaSeries, macdHist) => g_f = (emaSeries > emaSeries[1]) and (macdHist > macdHist[1]) r_f = (emaSeries < emaSeries[1]) and (macdHist < macdHist[1]) g_f ? green : r_f ? red : blue b_color = get_color(ema(source, lengthEMA), calc_hist(source, fastLength, slowLength)) bgcolor(b_color, transp=0) barcolor(showColorBars ? b_color : na)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
Comentários
Thanks a lot!!
ps, i hope someday we could count with the alert condition some other guys mentioned ;)
would really like know, if it is possible with tradingview script, to predetermine (show on chart or indicator) what close price would be required to to change an indicators values from positive to negative, visa versa. thanks.
I have been trying, but have been unable to do so.
Error: Undeclared identifier `emaSeries`;
Do you know what the issue is?