Combo View Impulse System

Combo View Impulse System

This indicator combines several functionalities:

1. Value Zone

   • Displays two exponential moving averages (EMAs):
     • 13-period EMA in red.
     • 22-period EMA in blue.

2. Impulse System (based on Dr. Alexander Elder's methodology)

   • Candles are color-coded to indicate trade restrictions:
     • Red candles prohibit buying.
     • Green candles prohibit selling.
     • Blue candles allow both buying and selling.
   • Recommended for use on two timeframes for enhanced analysis.

3. 3x ATR Channel

   • A channel based on 3 times the ATR (Average True Range) of the blue EMA.
   • Recommendations:
     • Avoid opening buy trades above the upper channel line.
     • Avoid opening sell trades below the lower channel line.
   • The channel also marks areas ideal for partial profit-taking when price approaches these levels.

This indicator integrates seamlessly with Combo OsMA, forming a unified analytical tool. However, it can also be used as a standalone indicator.

Input Parameters

• Fast EMA Period (13) – Period for the fast EMA in the value zone.
• Slow EMA Period (22) – Period for the slow EMA in the value zone.
• MACD: Fast EMA (12) – Short EMA for the MACD calculation.
• MACD: Slow EMA (26) – Long EMA for the MACD calculation.
• Signal SMA Period (9) – Smoothing period for the MACD signal line.
• Applied Price (PRICE_CLOSE) – The price used for calculations.
• ATR Period (35) – Period for ATR calculation.
• ATR Channel Coefficient (3.0) – Multiplier for defining the ATR-based channel.
• Candle thickness (2) – Thickness of the line inside the candlestick candle.
• Channel thickness (2) – Thickness of the line.