Repulse

The Repulse indicator measures and reflects the bullish or bearish pressure, connected with each candle, in the form of a curve.
The indicator has one parameter: bounce period. All 4 candle prices are used for the calculation, that is why the price type for the indicator calculation cannot be changed. The recommended way of usage is simple:

• Crossing the zero line up is interpreted as a buy signal
• Crossing the zero line down is interpreted as a sell signal.

The indicator view in the chart.

The indicator has the following parameters:

Settings

Period - setting of the LinearReg indicator period.

Drawing

Panel - selection of the indicator location in the chart:

• New panel
• Chart

Visualization.

Show value - display of the indicator value on the price scale on the left.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Colour - colour setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setting of the line display style:

• Solid
• Dash
• Dash - dot
• Dash - dot - dot

Width - setting of the indicator line width.