Repulse Indicator

Repulse Indicator

Improve your trading with the Repulse Indicator for MT5. Identify overbought and oversold conditions for strategic entry points. Customize options for your style.

Repulse quantifies and visualizes the push that each candle contains as a curve. This is an additional indicator that is not very useful without comparison with price movement.

However, unlike the RSI, MACD or Stochastic indicators, its main usefulness is not related to price movement. Instead, it provides incredibly useful information about traders’ perceptions and confidence about the markets.

Placing Repulse(1) (very short term), Repulse(5) and Repulse(15) on the same chart is a useful method for identifying trends in the futures markets. For example, you can see the trend for periods of 1, 5 and 15 minutes on a 1 minute chart.

How To Use The Repulse Indicator For MT5

The Repulse indicator shows when the market is overbought and oversold. The indicator consists of a zero line and a repulsion line. The Repulse line fluctuates up and down from the zero line. The Repulse line shows the market momentum. If it moves above the zero line, it increases buying pressure. When the Repulse line falls below the zero line, it indicates increased selling pressure.

The Repulse indicator gives signals to enter a trade. As the Repulse line moves above the zero line, it indicates increasing buying pressure. When this line has large values on the vertical scale, it indicates that the market is overbought. This is a signal to sell as the market is likely to reverse.

When the Repulsion line moves below the zero line, it increases selling pressure. This indicates that the market is oversold; therefore, there will be an upward reversal in the near future. This serves as a buy signal.

Conclusion
The Repulse indicator is an oscillator that moves up and down, indicating overbought and oversold conditions. It consists of a zero line and a repulsion line. The indicator provides trade entry signals that you can also use.