Repulse

The Repulse indicator measures and reflects the bullish or bearish pressure, connected with each candle, in the form of a curve.
The indicator has one parameter: bounce period. All 4 candle prices are used for the calculation, that is why the price type for the indicator calculation cannot be changed. The recommended way of usage is simple:

  • Crossing the zero line up is interpreted as a buy signal;
  • Crossing the zero line down is interpreted as a sell signal.

The indicator view in the chart.

Image 28388


The indicator has the following parameters:

Image 28389

Settings

Period - setting of the LinearReg indicator period.


Drawing

Panel - selection of the indicator location in the chart:

  • New panel
  • Chart

Visualization.

Show value - display of the indicator value on the price scale on the left.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Colour - colour setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

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