Dr. Elder's Trading Room
Introducing Dr. Elder's Trading Room, the newly released add-on to MetaStock software.
This add-on contains the indicators found in Dr. Alexander Elder's books, "Trading for a Living" and "Come into my Trading Room," not already found in the MetaStock software.
Dr. Elder's Trading Room add-on has 14 unique indicators, 12 pre-built templates, 7 explorations, and 3 expert advisors to help you immediately start trading the way Dr. Elder recommends.
Dr. Elder's Overview
The Indicators
Each Indicator comes with a complete description, how to use and interpret the indicator and formatting tips. Also included are the default parameters, listing their values and brief descriptions. You'll even get screen shots to help you visualize what your charts will look like.
AutoEnvelope, Elder - Bull Power and Elder - Bear Power (Elder-Ray), Elder - Chandelier Long & Elder – Chandelier Short, Elder - Chandelier Long Entries and Elder – Chandelier Short Entries, Elder - Force Index, Elder - Impulse, Elder - Impulse Release, Elder - MACD-Histogram & Elder – MACD Combo, Elder - MACD- Histogram Xover, Elder - Market Thermometer, Elder - SafeZone Long & Elder – SafeZone Short Entries, Elder - Smoothed Rate of Change, Elder - Zig Zag.
The Templates
Elder - Chandelier Stops, Elder - Chandelier Stops with Entries, Elder - Daily, Elder - Directional System, Elder - Impulse Release, Elder - Market Thermometer, Elder - Ray, Elder - SafeZone, Elder - SafeZone with Entries, Elder - Smoothed Rate of Change, Elder - Weekly, and Elder - MACD Histogram Xover.
The Explorations- Elder - Fallen Angels (What Stocks to Trade), Elder - Fallen Angels (Writing an Exploration), Elder - Envelope Channel Size, Market Thermometer, Elder - Triple Screen Long & Triple Screen Short, Elder - MACD Histogram Divergence, and Elder - Flip to Green (Red).
The Expert Advisors
Elder - Triple Screen, Elder - Impulse, and Elder - Flipchart.
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Dr. Elder's Requirements
Important: Works with MetaStock End-of-Day 8.01 or higher.