This indicator is coded to have all the setting to have the triple screen trading system by Dr . Alexander Elder. You can use different oscillator and can switch between elder force index (for more active traders) and stochastic (for more conservative approach) you just have to check or
uncheck the relative button on the indicator setting, it will switch automatically. The barcolor reflect the underline trend based on a bigger timeframe, 5 time greater than the one you apply the indicator to.