The idea is to combine Elder Impulse System with AutoEnvelope. It's usefull for free accounts to have more indicators on chart.
So what would on chart:
- fast ema
- slow ema
- AutoEnvelope
- Bar colour changed after signals of upcending/discending fast ema + upcending/discending macd
I've used Elder Impulse System by samuel16 and Elder's AutoEnvelope indicator...
Reference: Transcription of script taken from TC2000 - forums.worden.com
Please let me know if you want me to change the script in anyway, or add new features
