Rockford 

Fat Tails, I've been looking for the Elder Impulse System for v7.0... thank you very much. Rockford

Look at Post #8.

Hi Koepisch,

Yes, I downloaded Fat Tails 'Elder Impulse Indicator' yesterday, that's why I said Thank you.

Rockford

I could be wrong, but when I looked at the code for the 6.5 version of the elder script I think it had the indicator wrong. I believe that the elder is supposed to compare a 13 day EMA with a previous 13 day EMA. Then it was supposed to look at the MACD histogram. If both of these are trending positive you have a buy signal, or if both are trending negative you have a sell signal. In that script it simply compared a 13 day EMA to the MACD histogram.

I believe that what I described is what Elder originally proposed.
From "stockcharts.com"

Green Price Bar: (13-period EMA > previous 13-period EMA) and
(MACD-Histogram > previous period's MACD-Histogram)

Red Price Bar: (13-period EMA < previous 13-period EMA) and
(MACD-Histogram < previous period's MACD-Histogram)

Price bars are colored blue when conditions for a Red Price Bar or
Green Price Bar are not met. The MACD-Histogram is based on MACD(12,26,9).


I only mention this because I have seen youtube videos that also describe the indicator incorrectly.

Thank you for coding this indicator

would it be possible to code it to paint the candles on chart rather that another lower study or the option to do so ?

CRM5096 

Thank you for coding this indicator would it be possible to code it to paint the candles on chart rather that another lower study or the option to do so ?

Maybe...just maybe this might help

https://ninjatraderecosystem.com/user-app-share-download/elder-impulse-tool-for-nt8/