Speed Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Double histogram representing (green) mean positive and (red) mean
Negative MA speeds, each averaged downward in # periods (user input).
If the averaging period is set to 300, the indicator will search for the last 300 positive numbers
and the last 300 negative bars respectively. Calculate the average of each sum and express it.
Attachment download
📎 speedoscillatorv2.mq5 (5.51 KB)
Source: MQL5 #35255
Speed Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Speed Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. 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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