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Smoothed Repulse w/ Floating Levels [Loxx]

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Smoothed Repulse w/ Floating Levels [Loxx] 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.

Included:
  • Bar coloring
  • Signals
  • Alerts
  • Your choice of moving average for smoothing

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