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Elder Impulse System

The document defines the 'Elder Impulse System' for trading analysis, incorporating inputs for MACD calculation, signal line period, and EMA period. It calculates the MACD, signal, and histogram values based on the specified parameters and determines the bar color based on the relationship between EMA and histogram values. The final output is a candlestick plot with colors representing positive, neutral, or negative trends.

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willame_nelson1945
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61 views1 page

Elder Impulse System

The document defines the 'Elder Impulse System' for trading analysis, incorporating inputs for MACD calculation, signal line period, and EMA period. It calculates the MACD, signal, and histogram values based on the specified parameters and determines the bar color based on the relationship between EMA and histogram values. The final output is a candlestick plot with colors representing positive, neutral, or negative trends.

Uploaded by

willame_nelson1945
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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instrument {

name = "Elder Impulse System"


}
input_group {
"MACD",
"Slow and fast EMA periods, used in MACD calculation",
fast = input (12, "front.platform.fast period", input.integer, 1, 250),
slow = input (26, "front.platform.fast period", input.integer, 1, 250)
}
input_group {
"front.platform.signal-line",
"Reference signal series period",
signal_period = input (9, "front.period", input.integer, 1, 250)
}
input_group {
"front.newind.emaperiod",
ema_period = input (9, "front.period", input.integer, 1, 250)
}
input_group {
"front.newind.barcolors",
positive = input { default = "#2CAC40", type = input.color },
neutral = input { default = "#C7CAD1", type = input.color },
negative = input { default = "#DB4931", type = input.color },
}
fastMA = ema(close, fast)
slowMA = ema(close, slow)
macd = fastMA - slowMA
signal = sma(macd, signal_period)
hist = macd - signal
ema13 = ema (close, ema_period)
local bar_color
if ema13 > ema13 [1] and hist > hist [1] then
bar_color = positive
elseif ema13 < ema13 [1] and hist < hist [1] then
bar_color = negative
else
bar_color = neutral
end
plot_candle (open, high, low, close, "ES", bar_color)

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