JFatl Speed HT F
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 JFatl Speed HT F
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
This indicator shows the direction of the acceleration of price from a larger timeframe at a smaller one.
Besides, the indicator alerts about the speed current direction at each change of a large timeframe bar.
Two colors of large dots are used for speed display. If the speed is positive and raising, the dot color is lime. If the speed is positive but falling, the dot color is yellow. The opposite case is also defined by dot colors. If the speed is negative and falling, the dot color is red. If the speed is negative but raising, the dot color is magenta.
It must be noted that this indicator does not show the current trend direction but only its first derivative or the speed. Therefore, it is better to filter it using a trend indicator.
Place the indicator compiled file to MQL5\Indicators\. Indicator ColorJFatlSpeed uses the classes of the SmoothAlgorithms.mqh library. Working with that class was described in details in the article .
