Impulse 7 StarThis script is build on the observation of Harsubh an Youtuber holding the channel named Impulse technical.
This is intraday based strategy and the time frame is on 5 minutes candle
This indicator indicates on one way momentum of a stock, If the body color becomes white then it indicates for sell signal, and if the body color is black then its buy signal.
this indicator tracks continuous 7 candles on same color.
If it generates Buy signal then find the highest high from last 7 candles and mark that candle.
If the price breaks the high of the marked candle then place a buy order
Stop Loss : Find the lowest low of the marked candle and its previous candle and place stoploss with 0.1% buffer
For Sell Side : Signal will be black body color of the candle
Sell Entry : Find the lowest low of the last 7 candles and mark that candle, if once the lowest low breaks then place an order and stoploss will be the highest high of the marked candle and its previous one with 0.1% buffer
If you dont know the target then hold the position till 15 minutes before closing the market
Impulse
Elder Impulse SnapshotNASDAQ:AMZN
I've always been intrigued by the Elder Impulse System but found it labour intensive with its flipping back and forth between daily and weekly charts. I also wasn't fond of the way it repainted the candlesticks. So I set out to build a version where you could get every trade signal filtered down in one chart and still see the real price action.
This article provides a decent overview of the original system: www.investopedia.com
Elder Impulse Snapshot uses two EMAs and two MACDs, one of each to process both the daily and weekly data. The daily data gets an EMA of 13 periods and the standard MACD settings. For the weekly info, the EMA is set to 65 periods and all the MACD values are also multiplied by five (60, 130, 45). Buy signals are generated when both EMAs and both MACD histograms are rising. When all four of these elements are falling, sell signals are generated. If any of the indicators disagree, no signal is generated and entering any trade is not advised.
The blue and red arrows are the buy and sell signals. From my reading, it appears Dr. Elder recommended exiting the trade as soon as the system no longer generated a signal, though the case could be made for taking partial profit and moving up your stop loss to ride the trend out longer provided you haven't been stopped out yet.
Elder's Impulse System with weekly EMA Filter - ValenteThis indicator was based on the Elders Impulse System by astraloverflow.
The only difference is that I included the weekly EMA26 as a filter and you can plot it on the graph if you want (unchecking the Weekly EMA26 won't turn the filter off, will only stop plotting it).
The indicator works this way:
When the MACD Histogram is growing UP, the EMA13 is pointing UP AND the Weekly EMA26 is pointing UP, the bar is Green
When the opposite is true, the bar is Red.
When any condition from both green and red is not true, the bar is blue.
In my opinion, this particular indicator works better on the D1 time frame. I recommended using the original one, by astraloverflow for other time frames.
I hope it is useful!
TKP-True Relative MovementThis script uses a combination of modified TSI and RSI conditions produce Buy/Sell/Hold signals. Similar to Elder's Impulse, when a buy signal is met, bars turn blue. When a sell signal is met, bars turn Pink. When signals are mixed, bars turn grey. Depending on direction of trend, gray bars can be considered "Hold" or take profit signals. You can change the parameters of TSI or RSI to preference. Also embedded in the script is the ability to add exponential moving average filter for additional conditions if you have some know how with coding.
Range Force Impulse The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of the period's price
-- TR (gray) shows the current period's trading volatility
-- ATR (Impulse colors, see below) shows an EMA of TR over a specified length
-- Can be used to determine stops and targets (Example: Stop loss at prev close - ATR, Target at 2x ATR)
Index - Alexander Elder's EMA of (change(close) * volume), shows crosses above 0 (green) and below 0 (red), and intermediate signals
-- Shows bull vs. bear interest/commitment/dominance
-- Elder recommends EMA length of 2 for daily chart buy/sell signals, and 13 for weekly chart bull/bear dominance & trend direction signals
-- Intermediate signals are shown above 0 when falling (salmon), or below 0 when rising (pale yellow)
System - Range columns are colored using Alexander Elder's censorship system (green: do not short, red: do not long, blue: is up to you)
-- Shows overall trend health (Macd histogram and EMA up/down changes)
Impulse BF 🚀Thanks to rasantos for the idea for this strategy.
The 2 lines are based on the sum number of impulses for x bars back. So total "up impulses" is the sum of the bars where price closed higher, and vice versa for "down impulses". The strategy is simple - a long signal is generated when the total up impulses exceeds the total down impulses. A short signal is generated when total down impulses exceeds total up impulses.
I included a rate of change function to filter out some of the sideways action, denoted by a white background.
I included the option of a stop loss since it may be useful for some settings but the default is 100% which will not be triggered. If we get stopped out and we still have the conditions for our position on candle close, we re-enter.
INSTRUCTIONS
Bright Green = go long
Bright Red = go short
Green = we have conditions for a long
Red = we have conditions for a short
White = no trade
NB: the length parameters are set to 18 by default. The higher this number, the more long term this strategy becomes. So for a macro trader, a setting of 84 would provide a small number of trades per year.
MACD Zero lag impulse systemThis version of impulse uses the double exponential moving average instead of the typical ema.
The impulse system :
The Impulse System combines two simple but powerful indicators.
One measures market inertia, the other its momentum. When both
point in the same direction, they identify an impulse worth following.
We get an entry signal when both indicators get in gear.
The Impulse System uses an exponential moving average to find
uptrends and downtrends. When the EMA rises, it shows that inertia
favors the bulls. When EMA falls, inertia works for the bears. The sec-
ond component is MACD-Histogram, an oscillator whose slope reflects
changes of power among bulls or bears. When MACD-Histogram rises,
it shows that bulls are becoming stronger. When it falls, it shows that
bears are growing stronger.
The Impulse System flags those bars where both the inertia and the
momentum point in the same direction. When both the EMA and
MACD-Histogram rise, they show that bulls are roaring and the uptrend
is accelerating.
RSIEW V2 Thermal Falsecolor show Hot (Impulse) Cold (Correction)HI BIG PLAYER AROUND THE WORLD,
here is my new creation of modified RSI Indikator.
In order to the RSIEW Version 1 (look below this text) I build a thermal rainbow chart that shows the spectrum with all overbought and oversell phases. The colour spectrum can be compared with a thermal imaging camera.
In one hand, the hottest candles (going into red) show the extrem points of the chart. In trend direction this is often wave 3 of Elliott Waves theory and in correction phase it show the bounce period.
In other hand, the coldest candles (going into blue) show the weak points of the chart. In trend direction this is often a "cooling down" and in big correction phases it demonstrate frozen prices (really unattractive trading time).
Have fun with this and give me a feedback.
Of course, you are invited to follow me.
KIND REGARDS
NXT2017
ENVELOPE BOLLINGER KELTN IMPULSE EMA SMA SAFEZONE SAR CHANDELIERALL THIS ALL IN ONE!
there are many options to check or uncheck to show only the tool that you need at that particular moment.
ENJOY!
ENVELOPE BOLLINGER KELTNER IMPULSE EMA SMA SAFEZONE SAR CHANDELIER
Elder impulse releaseThe purpose of Impulse Release is to prevent trading in the wrong direction. While the Impulse System operates in a single timeframe, Impulse Release is based on two timeframes. It tracks both the longer and the shorter timeframes to find when the Impulse points in the same direction on both.
Its color bar flashes several signals:
If one timeframe is in a buy mode and the other in a sell mode, the signal is "No Trade Allowed", a red bar.
If both are neutral, then any trades are allowed, showing a blue bar.
When one is bullish while the other is either bullish or neutral, there is a green bar, allowing traders to buy and prohibiting shorting.
When one is bearish while the other is either bearish or neutral, a red bar signals that shorts are permitted, while long trades are not allowed.
Please check Dr Elders books available on amazon they are a great buy and a nice to read.
AG ATR ImpulseThis is an indicator we built to look for "Impulse" moves in the markets. It uses Average True Range (ATR) calculations. We use a fastATR setting of 1 to show the current candle/period's ATR. The black line is a second, slowATR, that we use to see whether the fastATR is higher than the slowATR. If so, the bar is green, if not, grey.
The background is coloured by a "Change Factor" that can be customised. It essentially uses more ATR calculations to suggest whether to be looking for longs (green background) or shorts (red background). Setting the Change Factor lower than default to 1 makes the underlying calculations more sensitive, and thus, the background filter will change more often, but the signal will have less accuracy. Setting the Change Factor higher than default to, say, 3, will make the underlying calculations less sensitive, and thus, the background filter will change less often, but the signal will be more accurate.
In the chart example attached, I have included some trade ideas that could have been taken using this indicator to give you an idea of how to use the indicator.
Impulse Oscillator without legs for Price Action & Elliott WavesHi Traders,
I have a newcomer for impulsetrading.
This indicator is an oscillator that show without legs impulses of Price Action .
For the expertise: you can use it for counting elliott waves !
Have fun and winning trades!
Elder's Impulse SystemSimilar indicators already published have modifications with respect to Elder's theory. This indicator fulfills literally what is described in the New Trading For A Living.
Impulse Volume Emiliano Mesa OscillatorThe impulse volume overlay, is the 1st part of my 2 part volume impulse indicator. The indicator has the sole purpose of measurearing a signifcant increase in the volume of either sellers or buyers and with the the help of a signal line suggest when there is an impulse in any of them.
How it works:
Yellow == No impulse... Market will most probably follow the trend
Red == Market has a seller increase
Lime == Market has a buyer increase
I DO NOT TAKE RESPONSABLITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN RISK
Impulse Volume Emiliano Mesa OverlayThe impulse volume overlay, is the 2nd part of my 2 part volume impulse indicator. The indicator has the sole purpose of measurearing a signifcant increase in the volume of either sellers or buyers and with the the help of several EMA lines giving perfect entries. Results are very promising even in FOREX market... For now it has only been tested in 5 min charts.
How it works:
1) Check either if the price is in a down or up trend. So if the price is under both 100 and 200 EMA its down, and viceversa
2) If you have a down trend, wait for the overlay indicator to highlight the bars green, when the highlight stops enter a selling position, it is suggested you calculate your stop loss with the ATR. If the trend was going up, do the same with the red highlight.
3) Exit position when you feel like it, furthermore a trailing stop is suggested in order to maximize profit.
I DO NOT TAKE ANY RESPONSABILITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN RISK.
Impulses-1Lines "Total Up Impulses" and "Total Down Impulses" are the sum of impulses in the last n periods (Length).
line 1 => "Total Up Impulses": the sum of up impulses.
line 2 => "Total Down Impulses": the sum of down impulses.
When line 1 crosses up line 2, it indicates an uptrend is comming out.
When line 1 crosses down line 2, it indicates a downtrend is comming out.
Infinite Impulse Response (IIR) FilterInfinite Impulse Response (IIR) Filter indicator script.
This indicator was originally developed by John Ehlers (Stocks & Commodities V. 20:7 (26-31): Zero-Lag Data Smoothers).
ElderImpulseSystemWhat is the impulse system ?
The impulse system is a censorship trading system developed by Alexander Elder, and explained in his book New trading for a living . Its meant is to allow or to prohibit a trade. Also, it can be used to find when a trend start to weaken.
This script is an implementation of this system using a TradingView indicator.
How does it work
It's based on
The slope of a fast EMA , which is the inertia of the price.
The slope of the MACD , which is the power of the price.
If fast EMA and MACD are rising, candle is green.
If fast EMA and MACD are declining, candle is red.
Otherwise candle is gray.
How to use it
Use your own trading system to setup your trading plan, then use the impulse system to see if your trade is allowed or not.
If candle is green no short is allowed (either buy or stay aside).
If candle is red no buy is allowed (either short or stay aside).
The impulse system should be used in addition to an other system. Don't forget to check on differents times frames (see triple screen trading section of Elder's book). Don't forget that it's a censorship system, don't go against the censor.
[RS]Convergence Divergence Impulse Counter V0EXPERIMENTAL:
Counts the number of impulses with the same direction within a larger trend.
