Indicators: PriceSpeed

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PriceSpeed:

This indicator shows average and peak speeds of price changes per minute.

PriceSpeed

Author: Stanislav Korotky

PriceSpeed
PriceSpeed
  • www.mql5.com
The indicator shows the speed of price change in points per minute. The general idea is taken from the Average Speed indicator, but the code has been improved, and the functionality has been expanded. In addition to the average price speed, which may be interesting for evaluation of trends, the peak speed has been added to the new indicator...
 

For those who are interested in MT4 version of this indicator I'm attaching slightly modified source code.

All we need to make it working in MT4 is to change .mq5 to .mq4, remove #property indicator_plots and add #property strict directives. Also we need to set  ArraySetAsSeries flag to false for all arrays.

Files:
PriceSpeed.mq4  6 kb
 
How do you interpret the indicator for decision making when opening a trade position?
 
b2tradingclub #:
How do you interpret the indicator for decision making when opening a trade position?

For example, as a breakout of dotted range by thick green or thin orange histogram.

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