The Swami Intraday Impulse gives a fast-acting notification of changes in
intraday prices. Transitions from red to green are bullish and from green
to red are bearish. Yellow is indicates a transitioning or indeterminite
condition.
In engineering the impulse response of a system is the output waveform in
response to a single sharp input excitation, much like the ringing of a bell
struck by a clapper. Swami Intraday Impulse is an advanced DSP indicator
that recovers the impulse response of intraday prices. The design intent is to
provide an early and sharp delineation of ultra short-term price fluctuations.
In the chart above, we see the 5 minute prices for the USDJPY Forex. Although
the overall trend is up across the entire chart, there are several tradeable
swing reversals seen at about 5:00, 6:45, and 7:45.