Elder-disk for MetaStock v 2.1
Archive : Elder-disk for MetaStock v 2.1
Elder-disk for MetaStock
v 2.1
Dr Alexander Elder and John Bruns (Author)
This software requires MetaStock version 10.1 or higher. Developed by Dr. Alexander Elder and John Bruns, a programmer. Provides the complete set of tools and indicators described in Come into My Trading Room, as well as Trading for a Living:
- Implements the Impulse System as well as Triple Screen.
- Includes SafeZone
- Market Thermometer
- Elder-Ray
- Smoothed Rate of Change
- AutoEnvelope
- The Chandelier Stop
- Force Index
- The Impulse system, with added Impulse Release
- SafeZone stops
- A custom formula calculates the weekly MACD-Histogram direction using daily data
- This allows explorations for Triple Screen stocks using daily data.
The ‘expert advisors’ built with this trend indicator can be generalized to trading in any time frame. Templates provide for easy use of the indicators, all properly formatted. A simple ‘expert advisor’ is provided to highlight Triple Screen trading rules.
Click Here for software manual in PDF.
To see how Dr Elder uses some of the features of this elder-disk, please view this free Metastock webinar recording
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Elder-disk for MetaStock v 2.1
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