Using Repulse Oscillator Divergences Against Price

Summary

This indicator description explains a tool that plots Repulse values in a separate pane, compares the oscillator with price, and marks divergences. Users can choose whether divergence detection follows the main Repulse oscillator line or its signal line. The indicator has three configurable inputs: the Repulse calculation period, the signal-line period, and the line used for divergence searches.

The description identifies two illustrated cases, one comparing price with the oscillator line and another comparing price with the signal line. It does not define the exact divergence rules, provide trading entry or exit guidance, or report testing results. Divergences can be used as a way to examine disagreement between price movement and an indicator, but this text alone does not establish predictive value or explain how to manage false signals. It is a short description of indicator functionality rather than a validated trading strategy.

Key ideas

• The indicator plots Repulse values separately and marks divergences between price and the selected indicator line.
• Divergences can be searched using either the main oscillator line or its signal line.
• The calculation period, signal period, and selected line are configurable inputs.
• The description does not specify trading rules or provide evidence that the divergences predict returns.

Tags

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