v 2.3Â adds fixes, code improvement and Price-to-MA Distance
Information:
Trade Value depends on Price Positioning, the shape of which can be described also by MA Speed and Price-to-MA Distance. This indicator provides:
Speed Data as a Histogram, scaled with the historical average.
Distance Data as a Line, in percentage points.
Use:
The two properties are provided together in a single indicator more so for ease of use, than their immediate compatibility. On the surface, the indicator makes it easy to distinguish price pressure on trending Moving average.
Speed Oscillator - indicator MetaTrader 5 Description Measures current bar's Moving Average Speed, in relation to the average of # (averaging period) past bars. This oscillator…
Speed Indicator - indicator MetaTrader 5 Averaging-Down A double-histogram represents the (green) average positive and (red) average negative MA Speed, each one averaged-down with a period…
Average Speed - indicator MetaTrader 5 The indicator's output is calculated base on mathematical approach. Calculate Price Speed: Galileo defined speed as the distance covered per…
