Elder-Ray trading system was described by Alexander Elder in his book "Trading for a Living". It is based on Bulls Power and Bears Power oscillators, as well as Moving Average trend-following indicator (EMA — exponential averaging). The system is both simple and complex: it is simple if we perceive it literally: buy if a trend is upwards (EMA) and Bears Power is below zero, but is increasing;it is complex, if ...
Recent Visitors
Go to Profile
Mark as Read