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Elder Impulse System

Designed by Alexander Elder. According to Elder, “the system identifies inflection points where a trend speeds up or slows down”.

Based on two indicators:

1. 13 day exponential moving average (identifies the trend).

2.  MACD Histogram (measures momentum).

This indicator combines trend and momentum and is colour coded into the price bars.

Red price bar indicates that the trend/momentum are bearish as the 13 day EMA and MACD are falling.

Blue price bar indicates mixed signals as the trend/momentum is neither bullish or bearish.

Green price bars indicates that the trend/momentum are bullish as both the 13 day EMA and MACD Histogram are rising.