Elder-ray

Elder-ray
Elder-ray on a weekly chart Elder-ray on a daily chart Elder-ray on a 1-minute chart

 

 

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.
 

 

 

+1
Details
SKU SKU16148
 
Price: 12,00

 
Quantity 1 (this product is downloadable)
Force Index Smoothed indicator for ProRealTime
AutoEnveloppe For Indicators for MetaTrader 5
Candles HTF for MetaTrader 5
Force Index Smoothed indicator for ProRealTime AutoEnveloppe For Indicators for MetaTrader 5 Candles HTF for MetaTrader 5
12,00 €
30,00 €
20,00 €
 
Elder-disk for MetaTrader 5 (download version)
Volume Weighted MACD for MetaTrader 4
Chandelier Short
Elder-disk for MetaTrader 5 (download version) Volume Weighted MACD for MetaTrader 4 Chandelier Short
149,00 €
30,00 €
12,00 €
 
Impulse Release On Chart for MetaTrader 5
Money Flow Index Multiple Timeframes indicator for MetaTrader 5
Elder-disk for MetaTrader 4 (CD version)
Impulse Release On Chart for MetaTrader 5 Money Flow Index Multiple Timeframes indicator for MetaTrader 5 Elder-disk for MetaTrader 4 (CD version)
30,00 €
25,00 €
149,00 €