ELDER PREMIUM PLUG-IN

Elder Indicators

Elder-Ray (Elder - Bull Power and Elder - Bear Power)
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. Bull Power measures the ability of buyers to drive prices above the consensus of value. Bear Power reflects the ability of sellers to drive prices below the average consensus of value.

Elder - Bull Power

Elder - Bear Power

Elder - Force Index
Elder Force Index was first described in TRADING FOR A LIVING. It plots a moving average of the change in price multiplied by volume.

Elder - Market Thermometer
The Elder Market Thermometer is described in COME INTO MY TRADING ROOM. It measures the degree of volatility, as indicated by greater or smaller intraday ranges. When the Market Temperature either spikes above its average or stays below its average for a number of days, it gives trading signals, as described in the book.

 
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