The Elder Impulse System Strategy combines a few indicators to identify trends and potential entry points. Here's a breakdown:
EMA (Exponential Moving Average): Identifies the general trend (uptrend if price is above EMA, downtrend if below).
MACD Histogram: Measures momentum (positive for bullish momentum, negative for bearish).
Bull/Bear Power Indicators: Gauge buying or selling pressure.
These indicators are combined to create buy/sell signals. However, remember, no single system is perfect. Do you think it's important to combine the Impulse System with other analysis methods for confirmation?
