Forex indicator MACD Elder Impulse Max is based on the application of Elder’s impulse system in the MACD indicator, which increases its effectiveness in trading strategies.
The MACD Elder Impulse Max MT4 Indicator is a powerful tool for forex traders that allows them to analyze trends and identify potential trading opportunities. This indicator is based on the popular MACD (Moving Average Convergence Divergence) and the Elder Impulse System, which was developed by Dr. Alexander Elder.
The Elder Impulse System is used to determine the trend direction and momentum. This system is based on three indicators: the exponential moving average (EMA), the MACD histogram, and a series of colored bars that represent the trend direction.
When the MACD Elder Impulse Max indicator is applied to a forex chart, it generates a series of colored bars that indicate the trend direction. The bars of the histogram of the MACD Elder Impulse Max indicator are colored depending on the position of the bar relative to the fast exponential moving average, in accordance with the concept outlined in Elder’s impulse system. A green bar indicates an uptrend, a red bar indicates a downtrend, and a blue bar indicates a neutral trend.
In addition to the trend direction, the MACD Elder Impulse Max indicator also provides information about the momentum of the trend. When the momentum is strong, the bars will be longer and more intense in color.
MACD Elder Impulse Max MT4 indicator settings
- FastEMA_Period – period of the custom indicator Moving Average;
- FastMA_Period – period of the fast moving average of the MACD indicator;
- SlowMA_Period – period of the slow moving average of the MACD indicator;
- SignalMA_Period – period of the signal moving average of the MACD indicator.
The bars of the indicator MACD Elder Impulse Max can be colored in the following colors:
- Green bar – prohibits opening short positions. It allows you to hold an open long position, build it up or close it.
- Red bar – prohibits opening long positions. It allows you to hold an open short position, increase its volume or close it.
- Blue bar – when it appears after red or green color bars, it removes the previous rules.
One of the key benefits of the MACD Elder Impulse Max indicator is that it helps traders identify potential entry and exit points. When the trend is strong and the momentum is high, traders may look to enter a long position. When the trend is weak and the momentum is low, traders may look to exit a long position or enter a short position.
Another benefit of the MACD Elder Impulse Max indicator is that it helps traders avoid false signals. By using multiple timeframes and indicators, this indicator provides a more comprehensive view of the market, which reduces the likelihood of false signals.
In conclusion, the MACD Elder Impulse Max MT4 Indicator is a powerful tool for forex traders that provides valuable information about trend direction and momentum. The indicator MACD Elder Impulse Max can be a wonderful filter in almost any Forex strategy. By using this indicator, traders can identify potential trading opportunities and avoid false signals, which can improve their overall trading performance.
Features of MACD Elder Impulse Max MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In MACD-Elder-Impulse-Max.zip file you will find:
- MACD Elder Impulse Max.ex4
Download MACD Elder Impulse Max MT4 indicator for free:
