Impulse Correction (IC)

Video Demonstration

Description

Impulse-Correction indicator helps traders identify impulses and corrections (valid pullbacks) on price charts. Impulse moves are strong, directional price movements that cover a significant distance in a short period. They indicate a powerful imbalance between buyers and sellers, often driven by institutional players. Correction or pullbacks are temporary retracements within larger trends. They occur when price temporarily moves against the prevailing trend. Impulse moves provide profit potential, while pullbacks allow traders to capitalize on favorable entry points.

How It Works

Impulse moves are strong, directional price movements that indicate a powerful imbalance between buyers and sellers.

Chart Settings

"Impulse & Correction Lines"
1. "Show Impulse & Correction Lines"
  Show or hide impulse and correction lines
2. "Impulse & Correction Lines Color"
  Change color of impulse and correction lines
3. "Impulse & Correction Lines Thickness"
  Change thickness of impulse and correction lines

* For common indicator properties please see Common Indicator Settings

"Coordinates"
1. "Show Coordinates"
  Show or hide coordinates
2. "Coordinates Color"
  Change color of coordinate border color
3. "Coordinates Fill Color"
  Change fill color of coordinates
4. "Coordinates Line Thickness"
  Change thickness of coordinates line
5. "Coordinates Size"
  Change size or coordinates

Chart View

Last modified: 24 September 2024