Acceleration&Speed Indicator
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Acceleration&Speed Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
The idea of the indicator is very simple and obvious. Strange that similar indicators haven't appeared yet.
Prices constantly change - go up or down. If we take N bars for a period of time, the difference of prices, for example closing prices at the ends of the period, is equal to the speed of closing price change on this period of time.
If the speed is found, the acceleration can also be found.
The red line is speed, the green one is acceleration. They are calculated in points.
So, what is obvious at the picture?
1. The speed has boundary values.
2. The cyclic nature.
3. The speed and the acceleration do not always have the same direction.
I have also made some changes: added speed charts (yellow) and acceleration (blue) with a shift into history; added a switcher of charts visibility.
