Elder Triple Screen Arrows: Moving Average Direction Across Timeframes

Summary

This indicator implements a simplified version of Alexander Elder’s Triple Screen approach using three ordered timeframes: a higher, middle, and lower or current window. The document cautions against changing their order, since each screen has a distinct place in the setup.

Its stated rule is directional: when the moving average rises on the specified timeframes, the indicator signals a buy; when it falls, it signals a sell. The description does not specify moving-average settings, how conflicting timeframe readings are resolved, or entry, exit, and risk rules. It offers a brief explanation of the indicator logic, but no performance evidence or validation results.

Key ideas

• The indicator uses three timeframes arranged from highest to lowest.
• Its signal direction follows whether the moving average is rising or falling across the specified windows.
• The source recommends preserving the timeframe order.
• The description leaves parameter choices and trade management rules unspecified.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.