RepulseMM
ProRealTime v11Returns the RepulseMM indicator value.
Syntax:
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1 |
RepulseMM[5,40,3](close) |
Repulse: The Repulse indicator measures and displays the bullish or bearish pressure associated with each price candlestick in the form of a curve. It is most 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 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. These signals become very strong when they join with divergences Cycle indicator (posting in 5mn or 3mn) and are accompanied by a significant increase in volume. The success rate becomes VERY high if, in addition to these signals, prices break a trend channel in the direction of the trend. Repulses make it possible to increase significantly average profit per trade by optimizing exit points.
