Velocity is a smoother momentum according to Mark Jurik. In the original velocity Jurik does not use JMA (as some versions are adding JMA to it) but has a very specific way of calculating.
As it can be seen the T3 version is very smooth even without using additional smoothing (that is one of the reasons why some versions added JMA smoothing to it — to make it smoother than the original, but regardless how good the JMA is it means adding lag too. No lag adding in T3 version).
One of the advantages of T3 velocity: you can control the “speed” of it with simply changing the Hot field.
MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4 -… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
Corr velocity - indicator MetaTrader 5 Corrected velocity indicator. Velocity is usually referred to as a "smoother momentum", and it is true (it has much smoother…
