Alexander Elder’s Impulse System is a system for spotting trends in stock market by combining two criteria: inertia and power.

• Inertia is measured using a short moving average.
• Power is measured using the MACD

When the 2 indicators are ascending, the impulse is green, whereas when both are descending, the impulse is red. When the indicators are in opposition, the impulse is blue.

The colour of the Elder Impulse System can help to identify a trend, the beginning of a trend or the trend reversal.

The Elder Impulse System Screener scans the market to find stocks making a first green candle according to the Impulse system.

It’s possible to filter the results to have stocks with a green or blue candle on upper timeframes (from month to 5 minutes).

The Elder Impulse system Indicator is provided with this screener.

A general filtering based on daily timeframe is done, as well as the exchange’s volume. This filtering is used to ensure a minimum liquidity on the stocks, according to your own criteria.

Parameters can be adjusted easily in the “variables” screener menu.

Adjustable validation criteria :

• Moving average period
• Moving average type (sma, ema, …)

Available filters :

• Validation with blue or green upper timeframe
• Validation with timeframes from month to 5 minutes

General filter :

• Minimum stock price
• Minimum average volume
• Average volume expressed in transaction number or in capital exchange

Characteristics :

• Works on all TimeFrames
• ProRealTime V11 and later versions compatible
• Free ProRealTime (daily closings) compatible
• Automatic and free updates
• Elder Impulse Indicator included

Watch the video user’s guide on our Youtube channel, subtitles available in English :

🇫🇷 Système Impulsion Elder / 🇮🇹 Sistema a Impulsi de Elder / 🇩🇪 Elder System des Impulses / 🇪🇸 Sistema de Impulso de Elder