Power indicator based on the Elder book.

The strategy is simple: when the slow curve grows and is greater than zero (red), and the fast curve falls and reverses (blue), we make a purchase at the pivot point.

When the fast curve soars up and turns down, we close the deal. Conversely, we open a short trade if the slow Strength Indicator is less than zero and continues to fall.

The indicator works on all time intervals, but it shows itself best on 4-hour and daily charts.

I noticed that it can predict the price behavior in three to four days ( on four hourly or daily charts). Not all tools perform equally well. The result is better on the pound and the euro.

This is an analog of the same indicator for as for MT4