Elder Impulse System

by: Bill Zimmer Thursday, November 4th, 2010 at 9:59 am

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) РOnly because its ticker symbol is last alphabetically. I am working on putting a screen together based on Dr. Elders Impulse System.  Hopefully soon.