Speed_of_trade - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator is designed to provide a rough estimate of the direction of the next candlestick based on the movement outside the average candlestick range over a period of time.

If the current candlestick's range is at least twice the average range of candlesticks over time (to be defined in the parameters), the next candlestick can have the same direction as the current candlestick.

It has two parameters:

 If SoT > AVG * Multiplier, the direction of the next candlestick must be the same as the direction of the current candlestick
SoT = ((Closing Price - Opening Price) / Trading Volume) * 1000000000
AVG = MA(SoT, period)
 Attachment download
 📎 speed_of_trade.mq5 (9.7 KB)
 Source: MQL5 #20990
Speed_of_trade - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
 Speed_of_trade - MetaTrader 5 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.