Smoothed Repulse Indicator for Bullish and Bearish Candle Pressure

Summary

This brief description introduces a smoothed version of the Repulse indicator, which represents bullish or bearish pressure associated with each price candle as a curve. It suggests interpreting the curve alongside price to gain an additional view of market sentiment and trader confidence. Smoothing can use one of four basic moving-average types, allowing the display to be adjusted to different preferences.

The indicator’s coloring can reflect its slope, crossings of outer thresholds, or crossings of a central level. Because Repulse is described as unbounded, its levels—including the zero value—are dynamic, which the document says can make it more responsive during periods of elevated volatility. Alerts are tied to color changes. The source provides no calculation details, parameter values, examples, or empirical tests, so it does not establish how the signal performs or how to use it in a complete trading system.

Key ideas

• Repulse represents bullish or bearish pressure associated with individual price candles as a curve.
• The description recommends comparing the indicator with price to add context about market sentiment.
• The curve can be smoothed with one of four basic average types.
• Color changes can be based on slope or crossings of outer or central levels and can trigger alerts.
• Its levels are dynamic, but the document provides no formula or performance evidence.

Tags

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