Elder ray calculator
Bull and bear power.
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Elder impulse system calculator
Green, red or blue: whether trend and momentum agree, and which trades Elder's rule keeps off limits.
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The closes
The impulse system
The last bar is blue, and has been for 3 bars.
- The impulse
- The trend and the push behind it disagree: one rose, the other fell. Elder's rule: either side is allowed; the impulse is neutral. The 13-bar EMA moved +7.75 and the MACD histogram -0.22 on the last bar.
- The last 20 bars
- 12 green, 0 red and 8 blue.
- How it is read
- Elder uses the colour as a filter, not a signal: it says which trades are off limits, and a change of colour often marks when a move is losing steam. He pairs it with a longer time frame for the direction.
- Read it with care
- Both parts are averages, so the colour changes after the price has turned. It gives no timing for the next bar.
The change in the 13-bar EMA, the change in the MACD histogram (12, 26, 9) and the impulse colour on the last bars. The last bar is marked.
| Bar | EMA change | Histogram change | Impulse |
|---|---|---|---|
| 7 ago | +7.68 | +0.65 | ▲ Green |
| 6 ago | +5.01 | -0.83 | ● Blue |
| 5 ago | +6.96 | +0.16 | ▲ Green |
| 4 ago | +7.88 | +0.43 | ▲ Green |
| 3 ago | +9.37 | +0.87 | ▲ Green |
| 2 ago | +7.54 | -0.30 | ● Blue |
| 1 ago | +7.18 | -0.50 | ● Blue |
| Last | +7.75 | -0.22 | ● Blue |
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Trend and push, in one colour
Alexander Elder described the impulse system in 2002. The 13-bar exponential average stands for the trend and the MACD histogram for the push behind it. When both rise the bar is green, when both fall it is red, and when they disagree it is blue. It is meant to stop the most costly mistake: trading against a strong move.
See the bull and bear power behind the move with the Elder ray calculator, the histogram itself with the MACD calculator, and size the trade with the position size calculator.
Not advice. Arithmetic on the closes you type; an indicator describes the past bars, not the next one.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.