The Elder Ray Indicator

CONTENTS

    Pricing plans and indicator

    Hi there, here's Daveatt from TradingView.

    The signals and trading method frameworks are available to our VIP subscribers.

    More info available on our Pricing Plans page.

    The Elder Ray

    Dr. Alexander Elder cleverly named his first indicator Elder ray because of its function, which is designed to see through the market like an X-ray machine.

    Elder-ray indicator or Elder-ray index has two key components (bull power and bear power) as well as exponential moving averages (EMAs), which are trend-following indicators essential to the calculation.
    Mathematically, bull power is derived by subtracting an exponential moving average (perhaps a 13-day EMA) of closing prices from a high price of any given security.
    Bear power subtracts the EMA from the corresponding low price of that trading day. Both bull power and bear power values are plotted as histograms under the bar chart of your chosen security.

    We're trading FOREX with the Algo Builder Crypto Intraday 5-minutes and Algo Builder Universal 15-minutes

    A quite note

    Each screenshot below is clickable and can be enlarged for better visibility

    Twitter Public Signals

    NZD pairs

    TradingView trade Latest signals given by our indicator on some NZD forex pairs on our 30minutes charts TradingView trade Latest signals given by our indicator on some NZD forex pairs on our 30minutes charts TradingView trade Latest signals given by our indicator on some NZD forex pairs on our 30minutes charts


    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers


    About Dave


    He is the co-founder of Best Trading Indicator. Previously a quant trader for a french bank in New York City, he's been trading full-time for the past 8 years.

    Dave used to teach his professional traders how to use his trading algorithms.

    Best Trading Indicator is 1 year old and already counts 600 recurring subscribers profiting from our trading course and TradingView signals.

    Learn more


    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers