Elders's market thermometer |
Editor's Rating:
Developer:
Alexander ElderDate Added:
September 6, 2008Modes:
1 - original mode
2 - change in colors: green -> up, change red -> down change
3 - Silberman's and Lynch modifications if in trade already and red bar, then exit get ready for explosive move if yellow bar if not in trade, white bar suggests a move has started set profit target for next day
- if Long, add value of today's Thermometer EMA to yesterday's high and place sell order there
- if Short, subtract value of today's Thermometer EMA from yesterday's low and place order to cover there
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