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Impulse

Impulse BF 🚀Thanks to rasantos for the idea for this strategy. The 2 lines are based on the sum number of impulses for x bars back. So total "up impulses" is the sum of the bars where price closed higher, and vice versa for "down impulses". The strategy is simple - a long signal is generated when the total up impulses exceeds the total down impulses. A short signal is generated when total down impulses exceeds total up impulses. I included a rate of change function to filter out some of the sideways action, denoted by a white background. I included the option of a stop loss since it may be useful for some settings but the default is 100% which will not be triggered. If we get stopped out and we still have the conditions for our position on candle close, we re-enter. INSTRUCTIONS Bright Green = go long Bright Red = go short Green = we have conditions for a long Red = we have conditions for a short White = no trade NB: the length parameters are set to 18 by default. The higher this number, the more long term this strategy becomes. So for a macro trader, a setting of 84 would provide a small number of trades per year.
Pine Script® strategy
by bennef
Oct 11, 2019
11

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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