Elon Musk Ea

0 %
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

Trading with the Senior Power Index

October 1, 2020

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:


In the formula:

  • Ema – Exponential Moving standard.
  • Pn The closing rate of the present candle light.
  • P( n-1) The closing rate of the previous candle light.
  • QUANTITY The quantity of the present candle light. It ought to be kept in mind that the quantity on Foreign exchange is fairly family member worth. Genuine supply quantity in supply or product markets has even more weight.

When you mount The Pressure Index in the personalization home window, you’ll require to pick the complying with alternatives:

  • ” Duration” The writer advises 2 durations: 2-day for temporary trading, as well as 13-day for medium-term trading.
  • ” Technique MA” Specifies the sort of typical gliding indication to determine, Senior advises utilizing Exponential (EMA).
  • ” Relate To” – right here is the appropriate sort of rate. The default rate of shutting candle lights is Close.
  • ” Design” You can select the shade, density, as well as method the indication line is shown.
Elder Power Index - Settings
Senior Power Index – Setups

Trading signals

Along with figuring out the present stamina of the bulls as well as bears, the Senior Power Index can provide the complying with trading signals:

Fad trading

Pressure Index indication with a brief, 2-day duration is utilized for this signal. The significance of the signal is to discover a factor of access towards the present pattern after a little modification.

Buy signal:

  • There is a higher pattern on the market.
  • The line of the indication drops listed below the 0 mark and after that shows up.
  • If you surpass the optimum of the candle light on which there was a turn up, the setting to acquire opens up.
  • Quit is placed at the regional minimum. Earnings can be shut when you get to a solid resistance degree or program indications of a down pattern.
Elder Power Index - Buy Signal
Senior Power Index – Get Signal

Signal to buy:

  • There is a down pattern on the market.
  • line the indication will certainly climb over the 0 degree and after that transform downwards.
  • After the upgrade of the minimum of the candle light, on which there was a turnaround of the line of the indication down, the setting to buy is opened up.
  • Quit is established for the regional optimum. Earnings can be shut when a solid assistance degree is gotten to or when the pattern begins to transform upwards.
Elder Power Index - Sell Signal
Senior Power Index – Market Signal


Aberration is a signal that takes place when pressure index highs/lows as well as rate graphes are irregular. You can utilize both a temporary 2-day duration as well as a medium-term 13-day indication duration for trading.

Buy signal (favorable aberration):

  • Throughout the descending pattern on the rate graph, one more regional minimum is created.
  • The indication line reveals a disparity – the brand-new minimum of the indication is greater than the previous one.
  • After the development of the minimum as well as the turn of the indication upwards, the setting to acquire opens up.
  • Quit is placed at the last minimum. Earnings can be shut when a solid resistance degree is gotten to, or after the indication line is turned around below the location over 0.
Elder Power Index - Buy Signal - Divergence
Senior Power Index – Get Signal – Aberration

Signal to buy (” bearish” aberration):

  • As component of the uptrend, one more regional optimum is based on the graph.
  • The indication line reveals a disparity – the brand-new optimum of the indication is less than the previous one.
  • After the development of the optimum as well as the turnaround of the indication line down the setting to buy is opened up.
  • Quit is placed for the created optimum. Earnings can be dealt with when a solid assistance degree is gotten to, or after the indication line is turned around up from the location listed below 0.
Elder Power Index - Signal for Sale - Divergence
Senior Power Index – Signal offer for sale – Aberration


The Senior Power Index is a beneficial indication that aids by evaluating the characteristics as well as quantities of the rate to identify that is more powerful on the market – “bulls” or “bears”.

Along with basic market evaluation, Pressure Index offers trading signals towards the pattern as well as foreshadows feasible pivot factors by aberration. Even more details on trading strategies on this indication can be located in guides of Alexander Senior.

pressure index alexander older index stamina older indication trading 3 displays foreign exchange
Posted in Forex indicatorsTags:
Write a comment

HIGH RISK: Trading involves substantial risk and there is always the potential for loss. Your trading results may vary. No representation is being made that any associated education will guarantee profits, or not result in losses from trading. Neither the products, any explanation or demonstration of their operation, nor any training held in conjunction therewith, including, without limitation, through blogs or forums, in conjunction with any advertising and promotional campaigns should be construed as providing a trade recommendation or the giving of investment advice. All content on this website is for informational purposes only, it is not advice on any kind. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk threshold. You could lose more than your initial investment. You should be aware of all the risks associated with trading.

Copyright © 2020-2021 ElonMuskEA LLC | Terms | Privacy | Licence agreement