elder

Elder Triple Screen Trading System Coded by Dennis Skoblar 7/05/2005. Derrived from "Trading For A Living" and "Come Into My Trading Room" by Alexander Elder. This scan finds candidates by the Weekly MACD Historgam slope, and the Daily 2 Period Force Index dipping above or below it's Zero Line...

In Dr Alexander Elder's book "Entries and Exits", he discusses "The Impulse System". When MACD Histogram and EMA are both rising, the price bar is coloured green. When they are falling, the price bar is coloured red. When they diverge, the price bar is blue. When green, go long or stand aside...