Impulse System

Overview:

• Purpose: Combines trend and momentum indicators to identify potential trading opportunities.
• Functionality: Uses a combination of the Exponential Moving Average (EMA) and the Average True Range (ATR) to gauge market momentum and trend direction.

Key Parameters:

• ATR Multiplier: Adjusts the sensitivity of the impulse system (default values may vary).

Usage:

• Color-Coded Bars: The script changes the color of the bars based on momentum and trend, helping traders quickly assess market conditions.