Meet the Creator:
Alexander Elder
The Elder Impulse System is a powerful trading tool designed to enhance your trading strategy. It combines two key indicators: the MACD and the EMA. Here’s how it works: when both indicators are trending upwards, the candlestick turns green, signaling a potential buy opportunity. Conversely, when they trend downwards, the candlestick shifts to red, indicating a possible sell signal. If the indicators show mixed signals, the candlestick will appear blue, suggesting caution.
First introduced in MQL4, this innovative indicator made its debut on Code Base at mql4.com on June 17, 2010, and has since become a favorite among traders looking for clear entry and exit signals.
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