Has anyone scripted Dr Alexander Elder' impulse bar system? Would very much like to have the the script.
Thanks Peter
Hi Peter,
Is this the formula you need?
Green Bars: 13-period EMA rising and MACD(12,26,9) histogram rising
Red Bars: 13-period EMA falling and MACD(12,26,9) histogram falling
Blue Bars: when neither above is true
You can create a custom colour scheme using the following formulas, with blue selected as the default colour:
Green Bars: MA(BARS=13, STYLE=Exponential, CALC=Close) IsUp and MACD(BAR1=12, BAR2=26, OSC=9) IsUp
Red Bars: MA(BARS=13, STYLE=Exponential, CALC=Close) IsDown and MACD(BAR1=12, BAR2=26, OSC=9) IsDown
