Speed and Acceleration Indicator
Info
The Speed and Acceleration Indicator is a Indicator for MetaTrader 4 that the concept behind this indicator is straightforward and intuitive. It's surprising that similar indicators haven't been developed before.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Speed and Acceleration 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.
What this tool does
The concept behind this indicator is straightforward and intuitive.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Acceleration/Deceleration Indicator (AC) - another powerful indicator for MetaTrader 4 traders.
The concept behind this indicator is straightforward and intuitive. It's surprising that similar indicators haven't been developed before.Also recommended: Kalman Speed oscillator - similar indicator with strong performance on MetaTrader 4.
Prices fluctuate, either rising or falling. By considering N bars over a specific period, the difference in prices, such as closing prices at the period's endpoints, represents the speed of price change during that period.
Once speed is determined, acceleration can also be calculated.
The red line represents speed, while the green line indicates acceleration, both measured in points.
Here are some key observations from the indicator:
- Speed has boundary values.
- Cyclical patterns emerge.
- Speed and acceleration don't always align in direction.
Additionally, I've made enhancements by incorporating historical speed (yellow) and acceleration (blue) charts with a shift feature and a chart visibility switcher.
You may also like: Speed and Acceleration (with HM A) - excellent alternative for indicator users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.