The Repulse indicator measures and displays the bullish or bearish pressure associated with each price candlestick in the form of a curve. It is more relevant when compared to price and offers valuable additional information on the feeling and confidence that traders have about the markets.
A good method of identifying trend using Repulse consists of displaying, Repulse 1 (very short term) Repulse 5 (short term) and Repulse 15 (medium term) on the same chart. For example on a one minute chart you will have a good sense of trend over the 1, 5 and 15 periods.
Repulse gives excellent signals when it slows down in a 15 period view, changes direction in a 5 period view and has already changed direction for a few periods in a 1 period view while the price is approaching a level of support or resistance.
The success rate becomes very high if, in addition to these signals, price breaks a trend channel in the direction of the trend. Repulse makes it possible to increase significantly average profit per trade by optimizing exit points.
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