Dr. Elder's Enhanced Trading Room

Join Dr. Alexander Elder in his trading room with this powerful update to his classic, best-selling MetaStock Add-on!

This add-on contains the indicators found in Dr. Alexander Elder's books, "Trading for a Living" and "Come into my Trading Room," which are not already found in the MetaStock. In addition, it includes two new unpublished indicators – the Market Thermometer and SafeZone stop.

Dr. Elder's Trading Room add-on has 20 unique indicators, 15 pre-built templates, 8 explorations, and 6 expert advisors to help you immediately start trading the way Dr. Elder recommends.

The Indicators

  • Elder - Auto Envelope
  • Elder - Bull Power
  • Elder - Bear Power (Elder-Ray)
  • Elder - Chandelier Long
  • Elder - Chandelier Short
  • Elder - Chandelier Long Entries
  • Elder - Chandelier Short Entries
  • Elder - Force Index
  • Elder - Force Index with ATR channels (NEW)
  • Elder - Impulse
  • Elder - Impulse Release
  • Elder - MACD-Histogram
  • Elder - MACD Combo
  • Elder - MACD Divergence Helper (NEW)
  • Elder - MACD - Histogram Xover
  • Elder - Market Thermometer
  • Elder - SafeZone Long
  • Elder - SafeZone Short
  • Elder - Smoothed Rate of Change
  • Elder - Zig Zag

Each Indicator comes with a complete description, how to use and interpret the indicator and formatting tips. Also included are the default parameters which list their values and include a brief description. You'll even get screen shots to help you visualize what your charts will look like.

The Templates

  • Elder - Chandelier Stops
  • Elder - Chandelier Stops with Entries
  • Elder - Daily
  • Elder - Daily with MACD Divergence (NEW)
  • Elder - Directional System
  • Elder - Force Index with ATR channels (NEW)
  • Elder - Impulse Release
  • Elder - MACD Histogram Xover
  • Elder - MACD Semi-Automatic Divergence (NEW)
  • Elder - Market Thermometer
  • Elder - Ray
  • Elder - SafeZone
  • Elder - SafeZone with Entries
  • Elder - Smoothed Rate of Change
  • Elder - Weekly

The Explorations

  • Elder - Fallen Angels (What Stocks to Trade)
  • Elder - Fallen Angels (Writing an Exploration)
  • Elder - Envelope Channel Size
  • Elder - MACD Semi-Automatic Divergence (NEW)
  • Elder - Market Thermometer
  • Elder - Triple Screen Long & Triple Screen Short
  • Elder - Flip to Green (Red)
  • Elder - Force Index Bands Exceeded (NEW)

The Expert Advisors

  • Elder - Force Index exceeded ATR Channels (NEW)
  • Elder - Flipchart
  • Elder - Impulse
  • Elder - Impulse with Divergence (NEW)
  • Elder - MACD Semi Automatic Divergence (NEW)
  • Elder - Triple Screen

In addition to the new systems, Dr. Elder's Enhanced Trading Add-on includes handy commentaries to help you understand each of the systems.

Order your copy of Dr. Elder's Trading Room today and trade the way Dr. Alexander Elder trades.

About Dr. Alexander Elder

Dr. Alexander Elder is a professional trader based in New York City. He is the author of a dozen books, including Come into My Trading Room (Barron's 2002 Book of the Year) and Trading for a Living, considered modern classics among traders.

Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading. Dr. Elder's books, articles, and software reviews have established him as one of today's leading experts on trading

Dr. Elder is the originator of Traders' Camps week-long classes for traders, as well as the Spike group for traders. He continues to trade and is a sought-after speaker at conferences in the US and abroad.

Do you have an earlier version of Dr. Elder's Enhanced Trading Room? Contact a sales professional for upgrade details

MetaStock compatibility:

Please review our add-on compatibility table to see which versions of MetaStock these add-ons work with.


MetaStock compatibility:please review our add-on compatibility table to see which versions of MetaStock these add-ons work with. Note that certain add-ons require internet access during installation and validation of product ownership.

We invite you to try out any MetaStock product (including Add-Ons) for 30 days. If you are not convinced that it helps you make more accurate, educated trading decisions, just return it to us within the 30 days for a refund of the purchase price. It's that simple. This policy does not apply to subscriptions.


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