Repulse Indicator: Candlestick Pressure and Zero-Line Signals

Summary

The Repulse indicator is described as a curve representing bullish or bearish pressure for each candlestick. Its calculation uses all four price values, so the input price cannot be selected independently. The only adjustable setting is the indicator period.

The suggested interpretation is to treat a move above the zero line as a potential buy signal. The document repeats this same upward-crossing rule for a sell signal, leaving the sell condition unclear. It gives no formula, examples, performance evidence, or guidance on confirming signals and managing risk, so the indicator description alone is insufficient to assess or implement a complete trading strategy.

Key ideas

• Repulse represents bullish or bearish pressure associated with each candlestick as a curve.
• The indicator uses all four price values and exposes only a period setting.
• The document presents an upward zero-line crossing as a buy signal.
• Its stated sell signal repeats the upward crossing rule, making the exit guidance ambiguous.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.