EES Speed - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Speed = high-low/time. The time can be changed to minutes, hours, or days. Seconds is the default value. In physics, speed = distance/time.
Velocity is a good indicator of price action divided by time, unlike indicators such as ATR and volatility indicators that do not include time.
Attachment download
📎 EES-Velocity.mq4 (3.6 KB)
Source: MQL5 #10329
EES Speed - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
EES Speed - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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