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Elder-ray for MetaTrader 4

Elder-ray for MetaTrader 4
Elder-ray on a weekly chart Elder-ray on a daily chart Elder-ray on a 1-minute chart Version 2 of Elder-ray indicator for MetaTrader 4 enables to switch output from lines to histograms.

 

 

Elder-Ray is tracking the relative power of bulls and bears. 

It is made of both Bull Power and Bear Power, showing both lines and their distance.

 

Technical details

Elder-Ray is made of both Bull Power and Bear Power. As described into Come into my Trading Room, it is tracking the relative power of bulls and bears by measuring how far the high and the low of each bar get away from the average price.

Elder-ray is an indicator developed by Dr. Elder and named for its similarity to x-rays. It shows the structure of bullish and bearish power below the surface of the markets. Elder-ray combines a trendfollowing moving average with two oscillators to show when to enter and exit long or short positions.

 

 

 

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Details
SKU SKU16148
 
Price: 12,00
 
Quantity 1 (this product is downloadable)
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