Elders market thermometer - from "Come in my trading room" - a real classic
Mode parameter :
1 - "original" mode (picture 1)
2 - colors changed to reflect "trend" (picture 2)
3 - the so called "Silberman's and Lynch" version (picture 3)
if in trade already and red bar, then exit
get ready for explosive move if yellow bar
if not in trade, white bar suggests a move has started
set profit target for next day :
-- if Long, add value of today's Thermometer EMA to yesterday's high and place sell order there
-- if Short, subtract value of today's Thermometer EMA from yesterday's low and place order to cover there
Thanks for sharing,I think that is a GREAT indy!
Much appreciated mladen, I realy like the old classic indicators and your remakes are always very accurate and reliable, I look foward to seeing your new indicators each week and I would say that I am not the only one on this forum.
And you use it how ?
Very nice indicator as usualy Mladen.
Thank you for sharing mladen, great work.
coudn't see the indi
dear mladen, i'm using interbankfx platform. i cant see the indi as in your chart, what should i do?
what TF do you recommend?
I am afraid I do not understand your question.
Opened a demo on ibfx and it displays correctly
This indicator does not depend on any other indicator nor does it depend on server so it should display correctly on any server (see the IBFX picture)