Impulse Indicator New Capital FX

The Impulse Indicator is designed for traders who demand precision when identifying explosive market moves. This tool detects powerful short-term impulses by combining ATR-based volatility analysis with tactical price action patterns.

Key Features:
1. Dynamic Impulse Detection: Spots major price shifts based on a 5-bar momentum structure and ATR volatility filter.
2. Adaptive Volatility Filter: Filters out weak signals with a customizable ATR multiplier.
3. Cooling Period Logic: Reduces signal noise by enforcing a minimum bar spacing between impulses.
4. Clear Visual Signals: Plots "IMPULSE" labels directly on your chart for instant recognition.

How It Works:
The markets explode in a short-period of time, the indicator spots the move and plots a label, now if you're trading mean reversion pairs, you can look to go against the impulse, or if you want to catch trends you can use the indicator for potential continuation setups.

Customizable Settings:
ATR Multiplier (Best with 3,4,5)
Cooling Period (Standard is 5 bars, which is good)
ATR Length (The standard 14 period)