The indicator detects impulses based on an increase in ATR and volume, and also plots levels based on these impulses.
Thanks to rasantos for the idea for this strategy. The 2 lines are based on the sum number of impulses for x bars back. So total "up impulses" is the sum of the bars where price closed higher, and vice versa for "down impulses". The strategy is simple - a long signal is generated when the total up impulses exceeds the total down impulses. A short signal is...
This is a very simple script which simply plots an ATR (the built-in ATR function, using RMA) and plots a cross when the previously closed bar is larger than the ATR by a given threshold. There are also alert conditions set so you can be alerted when these impulse bars show up, either up or down bars. Have fun and safe trading!
Experimental: Uses Kadane's max subarray sum algorithm to find the largest impulse within a window and draws Murrey's math lines based on that impulse.
Consolidation Range Analysis Published by Eric Thies, January 2021 █ Indicator Summary This tool calculates, analyzes and plots the visualization of a relative range over a given period of time By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter The default...
ALL THIS ALL IN ONE! there are many options to check or uncheck to show only the tool that you need at that particular moment. ENJOY! ENVELOPE BOLLINGER KELTNER IMPULSE EMA SMA SAFEZONE SAR CHANDELIER
This script uses a combination of modified TSI and RSI conditions produce Buy/Sell/Hold signals. Similar to Elder's Impulse, when a buy signal is met, bars turn blue. When a sell signal is met, bars turn Pink. When signals are mixed, bars turn grey. Depending on direction of trend, gray bars can be considered "Hold" or take profit signals. You can change the...
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance. The indicator consists of the following: Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
█ OVERVIEW Maybe another version of the Bears Bulls indicator, but with a unique interpretation on the scripts found here on Tradingview. Again, this indicator is not meant to be used alone but as an entry/exit confirmation with other indicators. █ CONCEPTS Using a modified version of the WMA indicator, the LWMA , this indicator will work similarly to the...
This version of impulse uses the double exponential moving average instead of the typical ema. The impulse system : The Impulse System combines two simple but powerful indicators. One measures market inertia, the other its momentum. When both point in the same direction, they identify an impulse worth following. We get an entry signal when both indicators get in...
EXPERIMENTAL: Counts the number of impulses with the same direction within a larger trend.
Similar indicators already published have modifications with respect to Elder's theory. This indicator fulfills literally what is described in the New Trading For A Living.
NASDAQ:AMZN I've always been intrigued by the Elder Impulse System but found it labour intensive with its flipping back and forth between daily and weekly charts. I also wasn't fond of the way it repainted the candlesticks. So I set out to build a version where you could get every trade signal filtered down in one chart and still see the real price action. This...
The purpose of Impulse Release is to prevent trading in the wrong direction. While the Impulse System operates in a single timeframe, Impulse Release is based on two timeframes. It tracks both the longer and the shorter timeframes to find when the Impulse points in the same direction on both. Its color bar flashes several signals: If one timeframe is in a buy...
Infinite Impulse Response (IIR) Filter indicator script. This indicator was originally developed by John Ehlers (Stocks & Commodities V. 20:7 (26-31): Zero-Lag Data Smoothers).
This indicator was based on the Elders Impulse System by astraloverflow. The only difference is that I included the weekly EMA26 as a filter and you can plot it on the graph if you want (unchecking the Weekly EMA26 won't turn the filter off, will only stop plotting it). The indicator works this way: When the MACD Histogram is growing UP, the EMA13 is pointing...
Lines "Total Up Impulses" and "Total Down Impulses" are the sum of impulses in the last n periods (Length). line 1 => "Total Up Impulses": the sum of up impulses. line 2 => "Total Down Impulses": the sum of down impulses. When line 1 crosses up line 2, it indicates an uptrend is comming out. When line 1 crosses down line 2, it indicates a downtrend is comming out.