Elon Musk Ea

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Elon Musk EA
Metatrader 4/5
  • Strategy:
  • Broker:
    Any ECN/DMA
  • Minimum Deposit:
  • Currency pairs:
    6 Majors+ 20 Cross
Profit Factor
Expected DD
Prob of winning
Average Win - 12 pips
Average Loss - 7 pips

Tag: force index

Trading with the Senior Power Index
Trading with the Senior Power Index

In this testimonial, we’ll check out what can be valuable for an investor in the Pressure Index. This indication, coming from the team of oscillators, was created as well as used in trading by the renowned financier Alexander Senior.

Summary of the Senior Power Index

Senior Pressure Index is an uneven oscillator that aids to analyze that presently controls the marketplace – “bulls” or “bears.” The designer of this indication, as its name indicates, is a widely known investor, writer of preferred publications on trading as well as designer of the trading approach “3 Displays of Senior” Alexander Senior

Senior’s 3 displays: just how to use approach?

The primary job of the indication is to analyze the characteristics of rate activity as well as identify that currently has even more power on the market – purchasers or vendors. The Pressure Index formula reviews the complying with criteria:

  • The instructions of rate activity.
  • The worth of the rate modification over a particular duration.
  • Quantity (Quantity).

The Senior Power Index offers a suggestion of the instructions in which the marketplace is relocating. If the indication line remains in the location over 0 as well as reveals the following optimum – it suggests an uptrend as well as the supremacy of “bulls”. If the Senior Power Index drops listed below 0 as well as creates regional lows, the marketplace is relocating downwards, as well as the “bears” established the tone.

The Pressure Index indication is constructed in a different home window straight listed below the rate graph, contains one primary line as well as the main degree 0. Senior advises utilizing 2-day as well as 13-day indication durations for brief- as well as medium-term trading, specifically. Pressure Index is consisted of in a lot of preferred trading systems, consisting of MetaTrader 4 as well as MetaTrader 5.

Elder Power Index
Senior Power Index

Computing as well as establishing The Pressure Index

To mount Pressure Index on the graph of the picked monetary tool in MetaTrader 4 or MetaTrader 5 you require to open it with the primary food selection: Put – Indicators – Oscillators – Pressure Index.

Senior advised that the Outcomes Ordinary the Stamina Index with the Exponential Sliding Standard (EMA) be utilized to boost outcomes. As a result, the formula for computing the worths of the indication appears like this:


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