At the time of trading, it is required to find the impulsive move. so that, we can enter and exit at the points, where we can get better gain. For that we require a trading system, which helps us to find the trend as well as the momentum of the stock.

For this, the elder impulse system is very useful. It is based on the 13-day exponential moving average and MACD histogram. Basically, there are three types of bars in the elder system. Green, red and blue. Green color indicates for the bullish momentum, red color indicates the bearish momentum and blue color shows that the trend is neutral or there is very low volatility in the trend. in our strategy, we will also use 100 EMA to find the trend of the stock. for more information, just see our video.

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