Elders market thermometer

 

Elders market thermometer - from "Come in my trading room" - a real classic

Mode parameter :

1 - "original" mode (picture 1)

2 - colors changed to reflect "trend" (picture 2)

3 - the so called "Silberman's and Lynch" version (picture 3)

if in trade already and red bar, then exit

get ready for explosive move if yellow bar

if not in trade, white bar suggests a move has started

set profit target for next day :

-- if Long, add value of today's Thermometer EMA to yesterday's high and place sell order there

-- if Short, subtract value of today's Thermometer EMA from yesterday's low and place order to cover there

Files:
 

Thanks for sharing,I think that is a GREAT indy!

 

Thanks

Much appreciated mladen, I realy like the old classic indicators and your remakes are always very accurate and reliable, I look foward to seeing your new indicators each week and I would say that I am not the only one on this forum.

 
mladen:
Elders market thermometer - from "Come in my trading room" - a real classic

Mode parameter :

1 - "original" mode (picture 1)

2 - colors changed to reflect "trend" (picture 2)

3 - the so called "Silberman's and Lynch" version (picture 3)

And you use it how ?

 
 

Very nice indicator as usualy Mladen.

Many tx!

 

Thank you for sharing mladen, great work.

Ethan

 

coudn't see the indi

dear mladen, i'm using interbankfx platform. i cant see the indi as in your chart, what should i do?

 

what TF do you recommend?

 

...

I am afraid I do not understand your question.

Opened a demo on ibfx and it displays correctly

This indicator does not depend on any other indicator nor does it depend on server so it should display correctly on any server (see the IBFX picture)

regards

mladen

yuvaraja:
dear mladen, i'm using interbankfx platform. i cant see the indi as in your chart, what should i do?
Files:
emt_ibfx.gif  13 kb
 

Great job!!

Very useful indicator.

Thanks, Mladen.