Price Speed Indicator
Indicator price rate displays in a bar chart the speed of movement of the price of a selected number of bars.
- Values above 0 mean velocity in the direction of motion UP.
- Values below 0 display speed in the direction DOWN.
It refers to the leading indicators. In the case when the trend starts to slow down and lose power, the value of the indicator will begin to unfold, then the price could still continue on the trend. It gives good signals divergence / convergence.
Input parameters
- SpeedPeriod - between the bars of which made the calculation of the indicator values.
- Bars - Number of bars to the indicator values.
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