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Re: Ehlers Indicators for MT4

mntiwana, Tue Nov 27, 2018 7:22 am

Elders's market thermometer
Mladen's version indicator
____________________________
modes :
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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