Repulse Oscillator for Potential Price Rebounds and Pullbacks

Summary

The document presents the Repulse oscillator as an indicator for identifying possible price rebounds or pullbacks near strong levels. It has a Repulse period and a signal period, which control the oscillator calculation and its signal line. The calculation forms two Repulse series from differences between exponentially smoothed positive and negative price components. Those components use the open, close, and rolling price extrema, with one calculation also referring to an earlier open.

The description provides formulas for the components and their smoothing windows, but does not explain specific threshold rules, signal-line crossovers, or how to convert readings into trades. It offers no chart examples, backtest, or evidence that the oscillator predicts reversals. The indicator therefore supplies a calculation framework and stated use, while practical interpretation and performance remain unspecified.

Key ideas

• The Repulse oscillator is intended to flag possible rebounds or pullbacks near strong price levels.
• Its two parameters control the oscillator lookback and signal-line calculation.
• The calculation compares smoothed positive and negative price components based on opens, closes, and rolling extrema.
• The document does not provide tested trading rules or evidence of predictive performance.

Tags

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