Elder Impulse System
The Elder Impulse System was designed by Alexander Elder and featured in his book, Come Into My Trading Room. According to Elder, “the system identifies inflection points where a trend speeds up or slows down”. 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 tradable impulses. This unique indicator combination is color coded into the price bars for easy reference. Source: StockCharts.com
Elder Impulse System Dow Industrials
Chart Picture Exxon Mobil (XOM) – Only because its ticker symbol is last alphabetically. I am working on putting a screen together based on Dr. Elders Impulse System. Hopefully soon.