Elder Pulse System - MetaTrader 5 Script - MQL5 #685 - MT4/MT5 Resources
Alexander Elder
The system is based on two indicators - Moving Average Convergence and Divergence and EMA . When both indicators move upward, the candlestick appears green, and when both indicators move downward, the candlestick appears red. If it's a multi-directional move, it turns blue.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on June 17, 2010.
Attachment download
📎 elderimpulsesystem.mq5 (7.19 KB)
Source: MQL5 #685
Elder Pulse System - MetaTrader 5 Script - MQL5 #685 Usage and Filtering Advice
Elder Pulse System - MetaTrader 5 Script - MQL5 #685 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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