RepulseReturn value of the Repulse technical indicator (measure the buyers and sellers force for each candlestick) over the last N periods for selected price.
Syntax:
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1 |
Repulse[n](price) |
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.
Interpretation :
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.
On a 1-minute chart, for example, you will have a good sense of trend over the 1,5 and 15 periods.
Repulse gives excelent 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.
These signals become very strong when they join with divergences Cycle indicator and are accompanied by a significant increase in volume.
The success rate becomes very high if, in addition to these signals, prices beak a trend channel in the direction of the trend.
Repulses make it possible to increase significantly average profit per trade by optimizing exit points.
Example:
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1 2 3 4 5 6 7 8 9 10 11 |
i1 = repulse[10](close) if(i1>0) THEN bullish = 1 bearish = 0 ELSIF i1<0 THEN bullish = 0 bearish = 1 ENDIF RETURN bullish coloured(127,255,0), bearish coloured(255,64,64) |
Good morning,
I don´t know how to display the three periods 1,5 and 15 , in a alone chart. Every time that I ask for a repulse a new chart is open. Only if I use the repulse average in the three periodos time, I can use a unique chart.
Please, could you explain how to work displaying the three periods into the repulse indicator.
Thanks in advance,
Méthode de Calcul
” Le «Repulse» simple analyse la force haussière ou baissière sur une période de temps définie par la périodicité de votre graphique.
Si votre graphique est paramétré en 5 minutes, la période analysée est alors 5 minutes.
Dans le cas d’un graphique quotidien, l’analyse porte sur une journée de cotation.
Afin de réduire la volatilité de l’indicateur, l’auteur utilise un lissage simple par une moyenne mobile exponentielle à 5 périodes.
Repulse = [100 * MME(5) de (3*C – 2*PB-O) / C] – [100 * MME(5) de (O + 2*PH – 3*C) / C]
What period of moving exponential average is used in the repulse indicator used in prorealtime?
Probably 5, but it would be nice to have that confirmed.
Would be great to know, if anobody knows.
Regards,
Pierre
repulse[10](close)