Transaction Speed
- Indicators
- Ivan Stefanov
- Version: 1.0
- Activations: 5
This indicator is exceptional!
(Demo of mql5.com doesn't working. If you want to check it please contact me.)
The transaction speed is a new concept indicator that shows where and when large orders accumulates on the market and benefits of this. It detects trend changes at very early stage. In Forex, volume is misleadingly called volume. Actually, it is price change per time, hence the correct name is transaction speed . It's all about the way we think, act and analyze. The change of the paradigma is of paramount importance. This indicator completely revises the idea of volume in Forex defining it logically in the right way and applying this logic becomes a unique and precise tool. When the speed increases it is a sign of greater interest and corresponding entry and exit.
How to use it:
Since the indicator measures market activity the first thing to do is choose a time period for which to make these comparisons. Usually 15/20 days back is a good starting point for comparison. You can use bigger periods. Enter a date in indicator and run it. On a 30 min or 1 hour timeframe the speed cycles are best seen. However you can use other timeframes more or less detailed.
The top of the speed declares the greatest interest.
We are waiting for the speed to drop below its highest values. This shows that the market has accumulated enough orders. We then wait for a breakout in either direction and trade in the appropriate direction.
The indicator does not indicate a direction to trade.
But in both cases the trend may be unidirectional. Market activity does not determine the trend. It may determine the phase the market is in. Interesting moments are when market activity changes. I have marked them as turn zones. These are the money trails. And all this cannot be seen with the naked eye because we have tick volume, which is the biggest fallacy. That's what this transaction speed indicator is for, which converts tick volume into market activity, which can be trending or not. Accordingly, market activity analysis is not like tick volume. This is a very serious tool designed for advanced analysis needs.
Recommendations:
- Currency pair: Big tick volume instruments only EURUSD, USDJPY, GBPUSD etc.
- Timeframe: 30 min, 1h
- Minimum deposit : No minimum deposit
- Account type: No limitations
- Brokers : No limitations
