The impulse indicator is based on the Conditional Price Mass and Price Speed indicators. It displays the price impulse calculated based on the values of the conditional mass, summary volume, acceleration and price speed.
- Impulse values above 0 indicate a tendency to develop an UP trend.
- Impulse below 0 indicate a tendency to develop a DOWN trend.
It is a kind of predictive/leading indicator.
- ImpulsePeriod - the period of bars to calculate the indicator values.
- Bars - the number of bars to display the indicator values.