Bears Bulls Impulse

This indicator is an adaptation of the Elder Ray Index indicator developed by Dr. Alexander Elder. The original version was developed in 1989 and was given the name Elder “Ray” because he felt it could see through the market, just as an X-Ray can see your bones through your skin.
Manufacturer: nt8indicators
SKU: BBImpuls

The original indicator was a histogram exhibiting an above/below zero line visual which illustrated which group was driving the market.  The amplitude, or size, of the histogram bar showed the strength during that particular time period.

The current version as noted here is a recent adaptation of the indicator, and much easier to read as it clearly defines the signal. The indicator shows as a green and red crossover, using a zero-line level as the long/short signal when the two signal lines cross.

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