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I'm continuing down the path of learning EL, starting by exploring some of the indicators included with MultiCharts. When I saw one labeled "Elder Triple Screen", I thought "Well this might be an easier one for me to understand, since I have Elder's original book". So I started reviewing it.
While I'm thankful that MC included indicator code with the software package, I have to say that their Elder Triple Screen is, well, not really a triple screen. The original triple screen worked on three time frames, hence the name. The MC Triple Screen works on one time frame. It does use two screens, the slope of an EMA line and the slope of the MACD Histogram, to paint bars.
I'm not an expert on the history of EL by any means, but it seems to be coded with an older version of EL. I also found their variable-naming convention confusing. Here is my code, using different nomenclature that makes more sense to me.
And here is the old code for comparison:
Can you help answer these questions from other members on NexusFi?