SpeeD Oscillator v2.3 – indicator MetaTrader 5

History:

v 2

v 2.2

v 2.3  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.


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