Smoothed repulse – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • In short “repulse” would be :

    The Repulse indicator measures and displays the bullish or bearish
    pressure associated with each price candlestick in the form of a curve.

    It is more relevant when compared to price and offers valuable
    additional information on the feeling and confidence that traders have
    about the markets.

    This version can use one of the 4 basic averages types for smoothing.

    Coloring can be chosen depending on :

    • slope
    • outer levels cross
    • middle (“zero”) level cross

    Since the “repulse” indicator is not limited to known bounds, levels are dynamic — the “zero” value too. That makes it more responsive in the times of elevated volatility. Alerts are triggered based on the color change.

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  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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