OPEN-SOURCE SCRIPT
Updated Elder Impulse Reborn
Elder Impulse
when the green line and red line are below the last bar = long
when the green line is below the last bar and the red line is equal or below the last bar = long
when the green line is above or near the last bar and the red line near the last bar = cash
when the green line is above or near the last bar and the red line is near or above the last bar = short
when the green line is below or near the last bar and the red line above the last bar = short
when the green line is below the last bar and the red line above the last bar = short
Red candle = short
blue candle= cash
green candle = long
when the green line and red line are below the last bar = long
when the green line is below the last bar and the red line is equal or below the last bar = long
when the green line is above or near the last bar and the red line near the last bar = cash
when the green line is above or near the last bar and the red line is near or above the last bar = short
when the green line is below or near the last bar and the red line above the last bar = short
when the green line is below the last bar and the red line above the last bar = short
Red candle = short
blue candle= cash
green candle = long
Release Notes
Elder Impulsewhen the green line and red line are below the last bar = long
when the green line is below the last bar and the red line is equal or below the last bar = long
when the green line is above or near the last bar and the red line near the last bar = cash
when the green line is above or near the last bar and the red line is near or above the last bar = short
when the green line is below or near the last bar and the red line above the last bar = short
when the green line is below the last bar and the red line above the last bar = short
Red candle = short
blue candle= cash
green candle = long
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.