JFatlSpeed ​​HTF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator shows the direction of acceleration in price from larger time frames to smaller time frames.

Additionally, the indicator provides alerts about the current speed direction on every change in the large timeframe bar.

Large dots in two colors are used for speed display. If the velocity is positive and rising, the point color is lime gray. If the speed is positive but decreasing, the point color is yellow. The opposite case is also defined by point color. If the velocity is negative and falling, the point color is red. If the velocity is negative but rising, the point color is magenta.

It is important to note that this indicator does not show the current trend direction, but only its first derivative or speed. Therefore, it is better to filter it using trend indicators.

Place the colored J fat speed indicator compiled file into MQL5\Indicators\. The indicator ColorJFatlSpeed ​​uses classes of the SmoothAlgorithms.mqh library. How to use this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

Attachment download

📎 colorjfatlspeed.mq5 (9.02 KB)

📎 jfatlspeed_htf.mq5 (14.07 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #581