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Views:: 6698
Rating:: (14)
Published:: 2021.06.20 13:50
Updated:: 2021.06.20 15:27

SpeedOscillatorv2.2.mq5 (5.77 KB) view

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Description

Measures current bar's Moving Average Speed, in relation to the average of # (averaging period) past bars.

This oscillator can be visually described with Speed Indicator.

Calculations

CurrentBar's speed / Mean speed of past # bars

         AvgPosBuffer[i] = pos_sum/InpSPeriod;
         AvgNegBuffer[i] = neg_sum/InpSPeriod;

         if(ExtMABuffer[i] - ExtMABuffer[i-1]>0)
         {
            SO[i] = (ExtMABuffer[i]-ExtMABuffer[i-1]) / AvgPosBuffer[i];
         }
         else if(ExtMABuffer[i] - ExtMABuffer[i-1]<0)
         {
            SO[i] = -((ExtMABuffer[i]-ExtMABuffer[i-1]) / AvgNegBuffer[i]); 
         }
         else 
         {
            SO[i] = 0;
         }