Trend FollowingDaily (Screen 1) + 15m (Screen 2) + 5m (Screen 3)Complexity: Advanced
Elder Impulse Triple Screen System
Dr. Alexander Elder’s legendary Triple Screen methodology. Uses Daily MACD-Histogram for macro wave direction, 15m EMA for tidal pullbacks, and 5m breakouts for surgical execution.
Public & Generic Educational Strategy Notice: This strategy blueprint represents a publicly known mathematical formulation and standard technical analysis concept. Algo Software Innovations does NOT claim proprietary copyright, invention, or exclusive ownership over these formulas. You can adapt, customize, and deploy this logic to your private cloud VPS.
Mathematical Logic & Formula Formulation
Screen 1 (Daily Tide): MACD_Hist slope Up; Screen 2 (15m Wave): EMA_13 Rising; Screen 3 (5m Ripple): Stoch crosses above 30
Deterministic Entry Rules
Long Entry (BUY)
- ✓Daily MACD Histogram slope is UP (Tide Bullish).
- ✓15m EMA(13) is rising.
- ✓5m Stochastic dips below 30 and breaks back above its signal line.
Short Entry (SELL)
- ✓Daily MACD Histogram slope is DOWN (Tide Bearish).
- ✓15m EMA(13) is falling.
- ✓5m Stochastic rallies above 70 and breaks back below its signal line.
Exit Criteria & Stop Loss Protection
Initial Stop LossRecent 15-minute swing extreme.
Target Profit3.0% - 6.0% multi-day swing target.
Risk/Reward Expectancy1 : 3.0
Strategy Configuration Specs
Market Segment:NSE Equities & Index Futures
Candle Timeframe:Daily (Screen 1) + 15m (Screen 2) + 5m (Screen 3)
Risk-to-Reward Ratio:1 : 3.0
Throttling Compliance:≤ 10 OPS Enforced
Required TA-Lib Indicators:
Daily MACD Histogram15m EMA (13)5m Stochastic (14, 3, 3)ATR (14)
Risk Management Controls
- •Position size scaled strictly to 2% max portfolio risk.
Target Trader Profile:Comprehensive swing traders looking for multi-timeframe precision.