Elder Impulse Visualised
This script is based off the original "Elder Impulse" system. It is based off a series of indicators including EMAs and MACD crossovers to change the colors of candlestick bars which can act as buy/sell signals to traders. Additionally this script plots 2 lines on the chart - one red and one green. These lines show the price levels needed for the current bar's close price in order for the current candlestick to close a certain colour.
ie, If the the current bar is green, it must close below the red line in order for the bar to become red, and vice versa.
ie, If the the current bar is green, it must close below the red line in order for the bar to become red, and vice versa.