This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.
This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).
In short, this is a trailing...
Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living".
You can adjust the EMA and ATR days that are the basis of these channels.
This is my first script – happy to get any feedback on this! Thanks :)
The idea is to combine Elder Impulse System with AutoEnvelope. It's usefull for free accounts to have more indicators on chart.
So what would on chart:
- fast ema
- slow ema
- Bar colour changed after signals of upcending/discending fast ema + upcending/discending macd
I've used Elder Impulse System by samuel16 and Elder's AutoEnvelope indicator...
This indicator was originally developed by Daniel Fernandez (Currency Trader magazine, 2011).
It is based on the two well-known indicators by Dr. Alexander Elder - Bulls Power and Bears Power.
1) Long when Bull and Total lines indicate 100 (it happens rarely)
2) Short when Bear and Total lines indicate 100 (it happens rarely)
3) Bull and...
Here's a modified version of the Elder Ray Index created by the famed Dr.Alexander Elder. This indicator has proven to be especially helpful lately given the crazy state of crypto.
Slow Moving Average:
The top chart shows the moving average used to filter trends. I recommend using a higher window length(can be adjusted with the 'lenSlowMA' input option). I...
A Double Exponential Moving Average (DEMA) with three sets of channel lines each one Average True Range (ATR) apart, above and below the DEMA.
Similar to my "ATR Channels" indicator, but using a DEMA instead of an EMA for the base. In addition, this indicator also plots a fast DEMA as well as a fill between the two. Fully customizable, you can toggle both DEMAs,...
An Exponential Moving Average (EMA) with three sets of channel lines each one Average True Range (ATR) apart, above and below the EMA. Fully customizable, you can toggle the EMA and ATR set visibility, line colors, etc.
Inspired by Elder's 'The New Trading For a Living', page 93: "Kerry Lovvorn likes to plot 3 sets of lines around a moving average: at one, two,...
This new indicator analyzes the balance between bullish and
One can cay that it is an improved analogue of Elder Ray indicator.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
This is an implementation of John Ehlers’ Adaptive RSI, as described in his book Rocket Science for Traders: Digital Signal Processing Applications (2001-07-20).
It does not need a length value to be specified by user. It adopts itself perfectly to the price chart.
It integrates the idea of automatically determining the Dominant price cycle through a Homo-dyne...
It calcules signals for the next 1 day and have diferents combinations of signals
from the histogram to the up or down triangles at the top that change depending on the previous day's reading of histogram.
Only use it on timeframes of M5 or M30 dont use on 1D.
Complete guide to how to use it:...
Elder Ray divergence detector for cryptocurrencies.
this indicator detects divergence of bull power and bearpower and sent signal with triangle at bottom or triangles at top, and you can configurates to send alterts.
Works on cryptocurrencies in chart of m5 or m30.
Recomended only use on high volume cryptos.
Works good in ranges.
To clarify the oblique lines are...