Elder's Impulse System
The Elder Impulse System is a game-changer for traders looking to capitalize on market trends. It’s all about spotting when a trend is gaining or losing momentum.
- Bullish Price Bar: This occurs when the 13-period EMA is greater than the previous EMA and the MACD Histogram is higher than the last period's value.
- Bearish Price Bar: This is identified when the 13-period EMA is less than the previous EMA and the MACD Histogram is lower than the last period's value.
- Neutral Price Bar: This situation arises when neither the bullish nor bearish conditions are met.
The Elder Impulse System combines two powerful indicators – the Exponential Moving Average (EMA) and the MACD Histogram. The EMA helps you identify the overall trend, while the MACD Histogram gives you insight into market momentum. Together, they help you pinpoint actionable trading impulses, whether you're riding the wave of a bullish trend or pulling the brakes on a bearish one.
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