My triple screens layers (by Alexander Elder)

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In the book The New Trading for a Living,  Alexander Elder describes an useful and mechanic way to analyze and filter opportunities for investing: the triple screen layers.

The 3 layers have a main purpose these are:

  • Top screen                 = censorship purpose.
  • Intermediate screen   = determine if there is an opportunity
  • Bottom screen           = refine the short

What do I check on each screen?

Top screen

  • Time frame = Weekly and daily
  • Support and resistance
  • Konkorde indicator (by blai5)
  • EMA(200), EMA(50), EMA(20)
  • Gatillo indicator (by Miguel Larrañaga)

Intermediate screen

  • Time frame = daily
  • Bollinger bands
  • EMA(200), EMA(50), EMA(20)
  • Volume Price Confirmation Indicator (by LazyBear)
  • Squeeze Momentum Indicator (or “SQZMOM” by LazyBear)

Bottom screen

  • Time frame = hour and 15 minutes
  • Double Bollinger Bands (by blai5)
  • Moving Average Convergence Divergence (MACD)
  • Gatillo indicator (by Miguel Larrañaga) (being evaluated).

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