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Elder Impulse System


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Elder Impulse System

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  #1 (permalink)
Asia
 
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Hello !

This is a very simple task. It does not need a separate еhread, but on another it is impossible.

This: Downloads - NinjaTrader 6.5 Indicators - Big Mike's Trading Forum

...draws only the yellow bars in NT 7. I'm sure someone will fix it immediately

Thanks.

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  #3 (permalink)
Market Wizard
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Pazan View Post
Hello !

This is a very simple task. It does not need a separate еhread, but on another it is impossible.

This: Downloads - NinjaTrader 6.5 Indicators - Big Mike's Trading Forum

...draws only the yellow bars in NT 7. I'm sure someone will fix it immediately

Thanks.


This is the version for NT 7.0.

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  #4 (permalink)
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Thank you !

This is very useful to learn to adapt the code for beginners as well.


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  #5 (permalink)
Near the BEuTiFULL Horse Shoe
 
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Fat Tails View Post
This is the version for NT 7.0.

Fat Tails,

This indicator looks to be very useful. I am trying to modify the Elder Impulse code to have a public DataSeries available/use in a strategy.

Ideally I would have 'bearish' 'bullish' neutral' with values of 1 when the conditions were correct, and the correct colours and values displayable in the DataBox. I seem to be lost in a bit of quicksand code with errors "Identifier expected,;,Expected class, delegate, enum, interface, or struct" ... help is greatly appreciated.

My version is attached ... obviously doesnt compile .. renamed to not conflict with other versions.

Thanks muchly for any help,
Jon

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Market Wizard
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Trader.Jon View Post
Fat Tails,

This indicator looks to be very useful. I am trying to modify the Elder Impulse code to have a public DataSeries available/use in a strategy.

Ideally I would have 'bearish' 'bullish' neutral' with values of 1 when the conditions were correct, and the correct colours and values displayable in the DataBox. I seem to be lost in a bit of quicksand code with errors "Identifier expected,;,Expected class, delegate, enum, interface, or struct" ... help is greatly appreciated.

My version is attached ... obviously doesnt compile .. renamed to not conflict with other versions.

Thanks muchly for any help,
Jon

Not so easy to find out, what you try to achieve...

Solution 1: Define three BoolSeries objects. These can take the value 1 or 0, 1 if the condition is met.

Solution 2: Define one IntSeries object, and use the values -1, 0, 1 for bearish, neutral and bullish.

The second solution would be more appropriate, because you only need one series.

The indicator code is based on the old code that did not work for NT 7.0, do you intend to use it with NT 6.5 or NT 7.0?

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  #7 (permalink)
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Fat Tails View Post
Not so easy to find out, what you try to achieve...

Solution 1: Define three BoolSeries objects. These can take the value 1 or 0, 1 if the condition is met.

Solution 2: Define one IntSeries object, and use the values -1, 0, 1 for bearish, neutral and bullish.

The second solution would be more appropriate, because you only need one series.

The indicator code is based on the old code that did not work for NT 7.0, do you intend to use it with NT 6.5 or NT 7.0?

Fat Tails,

If you feel that the second is most appropriate, I am good with that.

Using with NT7

... hhmm .. maybe that is why I am having a headache.

Jon

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  #8 (permalink)
Market Wizard
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Trader.Jon View Post
Fat Tails,

If you feel that the second is most appropriate, I am good with that.

Using with NT7

... hhmm .. maybe that is why I am having a headache.

Jon

Still not sure whether this is what you want. I have added an IntSeries to the indicator. It can be accessed as shElderImpulse.Trend and takes the values 1, 0, -1 representing a bullish, neutral and bearish indication.

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  #9 (permalink)
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Fat Tails View Post
Still not sure whether this is what you want. I have added an IntSeries to the indicator. It can be accessed as shElderImpulse.Trend and takes the values 1, 0, -1 representing a bullish, neutral and bearish indication.

I think this looks good ... Ill test it out this week ... Mucho thanks!

Jon

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  #10 (permalink)
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Fat Tails,
I've been looking for the Elder Impulse System for v7.0... thank you very much.

Rockford

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  #11 (permalink)
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Rockford View Post
Fat Tails,
I've been looking for the Elder Impulse System for v7.0... thank you very much.

Rockford

Look at Post #8.

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  #12 (permalink)
West Branch, Mi, USA
 
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Hi Koepisch,

Yes, I downloaded Fat Tails 'Elder Impulse Indicator' yesterday, that's why I said Thank you.

Rockford

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  #13 (permalink)
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I could be wrong, but when I looked at the code for the 6.5 version of the elder script I think it had the indicator wrong. I believe that the elder is supposed to compare a 13 day EMA with a previous 13 day EMA. Then it was supposed to look at the MACD histogram. If both of these are trending positive you have a buy signal, or if both are trending negative you have a sell signal. In that script it simply compared a 13 day EMA to the MACD histogram.

I believe that what I described is what Elder originally proposed.
From "stockcharts.com"

Green Price Bar: (13-period EMA > previous 13-period EMA) and
(MACD-Histogram > previous period's MACD-Histogram)

Red Price Bar: (13-period EMA < previous 13-period EMA) and
(MACD-Histogram < previous period's MACD-Histogram)

Price bars are colored blue when conditions for a Red Price Bar or
Green Price Bar are not met. The MACD-Histogram is based on MACD(12,26,9).


I only mention this because I have seen youtube videos that also describe the indicator incorrectly.

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  #14 (permalink)
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Thank you for coding this indicator

would it be possible to code it to paint the candles on chart rather that another lower study or the option to do so ?

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