/_SECTION_BEGIN("Elder Impulse"); /************************************************************************** Name : Elder Impulse Indicator Coded by : Lal Date : 28.10.2005 Note : Please refer to Elder's "Come Into my Trading Room" for full details Update : 19.Jan.2006 Added Option to allow bars to be Colored as per Impulse Added explorer section to display Impulse Status along with Weekly AND Monthly Trends. 20. Jan.2006 Added ability to flexibly locate Weekly and Monthly Ribbons 9.Feb.2006 Added option for use of TEMA and JMA Added option to allow standard MACD params The code is ready for EOD use - doesn't need any additional lines. The "Weekly" and "Monthly" referred to in the code are the trends in those timeframes superimposed on the daily timeframe. ******************************************************************************/ EnableTextOutput(False); // User-defined parameter for EMA periods EMA_Type = Param("EMA-1, TEMA-2, JMA-3", 2, 1, 3, 1); EMA_prds = Param("EMA_periods", 7, 1, 30, 1); Std_MACD = Param("Standard MACD? No-0, Yes-1", 1, 0, 1, 1); Plot_fashion = Param("Bar+Arrows-1, Impulse Bars-2", 2, 1, 2, 1); // Allow user to define Weekly and Monthly Ribbon Location and Height WR_P1 = Param("Weekly Ribbon Location", -10.5, -1000, 1000, 0.1); WR_P2 = Param("Weekly Ribbon Height", 366.5, -0.001, 500, 0.1); MR_P1 = Param("Monthly Ribbon Location", 5.2, -1000, 1000, 0.1); MR_P2 = Param("Monthly Ribbon Height", 199, -0.001, 500, 0.1); // Compute EMA and MACD Histogram if(EMA_Type == 1) { DayEMA = EMA(Close, EMA_prds); } if (EMA_Type == 2) { DayEMA = TEMA(Close, EMA_prds); } if(EMA_Type == 3) { // Line below to be used with Jurik JMA // DayEMA = JurikJMA(C, EMA_Prds); } Histogram = MACD() - Signal(); // Determine if we have an Impulse UP, DOWN or None Impulse_Up = DayEMA > Ref(DayEMA, -1) AND Histogram > Ref(Histogram, -1); Impulse_Down = DayEMA < Ref(DayEMA, -1) AND Histogram < Ref(Histogram, -1); Impulse_None = (NOT Impulse_UP) AND (NOT Impulse_Down); //Bull = Impulse_Up AND wh_rising ; //Bear = Impulse_Down; // Compute Weekly MACD and determine whether rising or falling // Note: uses "non-standard" parameters! TimeFrameSet(inWeekly); if (Std_MACD == 0) { MACD_val = MACD(5, 8); Signal_val = Signal(5, 8, 5); } else { MACD_val = MACD(12, 26); Signal_val = Signal(12, 26, 9); } Hist_in_w = MACD_val - Signal_val; wh_rising = Hist_in_w > Ref(Hist_in_w, -1); wh_falling = Hist_in_w < Ref(Hist_in_w, -1); TimeFrameRestore(); // Now get Monthly MACD Histogram.... TimeFrameSet(inMonthly); MACD_val = MACD(5, 8); Signal_val = Signal(5, 8, 5); Hist_in_m = MACD_val - Signal_val; mh_rising = Hist_in_m > Ref(Hist_in_m, -1); mh_falling = Hist_in_m < Ref(Hist_in_m, -1); TimeFrameRestore(); wh_rising = TimeFrameExpand( wh_rising, inWeekly, expandLast ); wh_falling = TimeFrameExpand( wh_falling, inWeekly, expandLast); mh_rising = TimeFrameExpand(mh_rising, inMonthly, expandLast); mh_falling = TimeFrameExpand(mh_falling, inMonthly, expandLast); kol = IIf( wh_rising, colorGreen, IIf(wh_falling, colorRed, colorLightGrey)); mkol = IIf( mh_rising, colorBlue, IIf(mh_falling, colorBrown, colorLightGrey)); Bull = Impulse_Up AND wh_rising AND (PDI (10)>MDI(10)); Bear = Impulse_Down AND wh_falling ; // Plot them all! if (Plot_fashion == 1) { Plot(Close, "Close", colorTeal, styleBar); PlotShapes(shapeUpArrow * Impulse_Up, colorBlue, 0, Low, -12); PlotShapes(shapeDownArrow * Impulse_Down, colorRed, 0, High, -12); PlotShapes(shapeSmallCircle * Impulse_None, colorWhite, 0, High, 5); } else { bar_kol = IIf(impulse_UP, colorBlue, IIf(impulse_Down, colorRed, colorWhite)); Plot(C, "Close", bar_kol, styleBar); } Plot(10, "ribbon", kol, styleOwnScale|styleArea|styleNoLabel, WR_P1, WR_P2); // Weekly trend Plot(10, "ribbon", mkol, styleOwnScale|styleArea|styleNoLabel, MR_P1, MR_P2); // Monthly Trend // Explorer Section // Determine if Impulse status is bullish, neutral or bearish. Display as Text Column. Impulse_State = WriteIf(Impulse_Up, "Bull", WriteIf(Impulse_Down, "Bear", "Neutral")); // Set the background color for Impulse Status Column Impulse_Col = IIf(Impulse_Up, colorGreen, IIf(Impulse_Down, colorRed, colorLightGrey)); // Determine Weekly Trend. Display as Text Column Weekly_Trend = WriteIf(wh_rising, "Rising", WriteIf(wh_falling, "Falling", "Flat!")); Weekly_Col = IIf(wh_rising, colorGreen, IIf(wh_falling, colorRed, colorLightGrey)); // Determine Monthly Trend. Display as Text Column Monthly_Trend = WriteIf(mh_rising, "Rising", WriteIf(mh_falling, "Falling", "Flat!")); Monthly_Col = IIf(mh_rising, colorGreen, IIf(mh_falling, colorRed, colorLightGrey)); // Determine how many bars has the current state existed bars_in_bull = Min(BarsSince(impulse_none), BarsSince(impulse_down)); bars_in_bear = Min(BarsSince(impulse_up), BarsSince(impulse_none)); bars_in_neut = Min(BarsSince(impulse_down), BarsSince(impulse_up)); // Set a single variable to show number of bars in current state depending upon // actual Impulse Status - Bullish, Bearish or Neutral bars_in_state = IIf(Impulse_Up, bars_in_bull, IIf(Impulse_down, bars_in_bear, bars_in_neut)); // Columns for display in Explorer Filter = C <20 AND C >2 AND Volume > 100000 AND C> Ref(C,-1)AND (PDI (14)>MDI(14)); Result = WriteIf(Bull,"Bull","Bear"); AddTextColumn( WriteIf(Bull, "Bull" , "Bear" ) , "TRADE" , 5 , IIf(Bull,colorYellow, colorWhite), IIf(Bull, colorDarkGreen, colorDarkRed) ); //AddTextColumn(Result,"Trade", formatChar,IIf(Bull,colorDarkGreen,colorRed ), IIf(Bear,colorPink,colorLime)); AddTextColumn(IndustryID(1) ," Industry Sector ", 25.0, colorWhite, colorBlue); AddColumn( Close, "Close", 1.2, IIf( ROC(C, 1 ) >= 0, colorDarkGreen,colorRed ),50 ); AddColumn(Ref(Close,-1),"Y-Close",1.2, IIf( ROC(Ref(C,-1),1)>=0,colorDarkGreen, colorRed ),50 ); AddTextColumn(Impulse_State, "Impulse State", 1, colorWhite, Impulse_Col); AddColumn(bars_in_state, "Bars..state", 1, colorWhite, Impulse_col); AddTextColumn(Weekly_Trend, "Week Trend", 1, colorWhite, Weekly_Col); AddTextColumn(Monthly_Trend, "Month Trend", 1, colorWhite, Monthly_Col); //Filter = 1; _SECTION_END();