Impulsive Trade AM
- Indicators
- Andriy Matviyevs'kyy
- Version: 28.0
- Updated: 28 October 2024
This indicator is designed for trading based on the trading strategy presented by Alexander Elder.
The thick and thin color histograms of the indicator correspond to the values of MACD and OsMA with the parameters set by the user.
If the indicator histogram is greater than zero, then the MACD or OsMA value is greater than zero.
If the indicator histogram is less than zero, then the MACD or OsMA value is less than zero.
As an additional element, the indicator indicates the direction of the moving average, comparing its current value with the value in the past, displaying such information by the position of the single-color line relative to zero.
Trades are opened if the price overcomes the minimum or maximum of the bar on which the MACD or OsMA histograms are directed in the same direction as the single-color line displaying the direction of the moving average.