Elder Triple Screen

Standard is Weekly for Screen 1 and Daily for Screens 2 and 3. The rule is Screen 1 should be about 5× longer than your trading timeframe. For daily trading, use weekly for Screen 1.

Yes. Many traders use Stochastic or RSI for Screen 2. For longs in uptrend, look for RSI < 30 (oversold) or Stochastic < 30. The key is identifying a pullback, regardless of which oscillator you use.

Wait. Triple Screen requires patience. If the weekly is bullish but daily never shows a pullback, wait. Eventually either you'll get a pullback or Screen 1 will reverse. Never force trades.

Compare current bar to previous bar. If current bar is higher (less negative or more positive), it's rising. Example: -0.10 to -0.05 is rising. +0.05 to +0.08 is also rising.

Below the recent swing low for longs (the low of the pullback), or use 2× ATR below entry. This gives room for normal volatility while protecting against larger moves.

Force Index = Volume × (Close - Previous Close). Then apply 2-day EMA for Screen 2 timing. Positive = bulls winning; Negative = bears winning. In uptrend, wait for negative Force Index (pullback).

Day 1: Place buy stop 1 tick above today's high. If not triggered, Day 2: Lower to 1 tick above Day 2's high. Continue trailing down until triggered OR Screen 2 oscillator moves to overbought (cancel order).

Primary exit: When Screen 1 (weekly MACD histogram) reverses direction. Secondary: Trail stop below swing lows. You can also exit partial positions at profit targets (2-3× risk).

Yes. When Screen 1 is bearish (weekly MACD falling), Screen 2 shows rally (Force Index positive or Stochastic overbought), and Screen 3 triggers sell stop below previous low.

2-day Force Index is for Screen 2 timing (very responsive). 13-day Force Index confirms intermediate trend (can supplement Screen 1). Ideal buy: 13-day positive (trend) + 2-day negative (pullback).

Strong: Histogram rising AND above zero AND steepening. Moderate: Rising but below zero or flattening. Weak: Barely rising. Use larger positions in strong trends, smaller in moderate.

Yes. In strong uptrends, Force Index barely negative may be enough. In weak uptrends, require deeper negative readings. Use Z-score or percentile of oscillator readings to normalize.

Treat your equity curve as a security. Screen 1: Is weekly equity trending up? Screen 2: Is there a pullback? When equity 'Triple Screen' is bullish, size up. When weak or bearish, reduce exposure.

Buy calls/puts on Triple Screen signals with 45-60 DTE. Use bull call spreads in uptrends, bear put spreads in downtrends. Exit on Screen 1 reversal or 50% profit. ATM or slightly OTM strikes preferred.

Step 1: Scan for stocks with bullish weekly MACD histogram. Step 2: Filter those with daily oversold oscillator. Step 3: Set alerts for price breaking above previous highs. Automate with screening software.