Elders market thermometer

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Mladen Rakic
114362
Mladen Rakic  

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

Vlad Vahnovanu
383
Vlad Vahnovanu  

Thanks for sharing,I think that is a GREAT indy!

newmont
179
newmont  

Thanks

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.

prasxz
1263
prasxz  

hi

thanks MLADEN

matrixebiz
1733
matrixebiz  
mladen:
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)

And you use it how ?

rchapmand
151
rchapmand  
markoirl
10
markoirl  

Very nice indicator as usualy Mladen.

Many tx!

EthanHunt
214
EthanHunt  

Thank you for sharing mladen, great work.

Ethan

Yuvaraja Naidu Ammarayson
220
Yuvaraja Naidu Ammarayson  

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?

zenfx
28
zenfx  

what TF do you recommend?

Mladen Rakic
114362
Mladen Rakic  

...

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)

regards

mladen

yuvaraja:
dear mladen, i'm using interbankfx platform. i cant see the indi as in your chart, what should i do?
Files:
emt_ibfx.gif 13 kb
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