JFATL Speed Indicator
Info
The JFATL Speed Indicator is a Indicator for MetaTrader 5 that this indicator displays the direction of price acceleration from a larger timeframe to a smaller one. Indicator DescriptionThe indicator provides alerts about the current speed direction at each change of a large timeframe bar.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use JFATL 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.
What this tool does
This indicator displays the direction of price acceleration from a larger timeframe to a smaller one.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: JFATLSPEED: Early Trend Detection Indicator - another powerful indicator for MetaTrader 5 traders.
This indicator displays the direction of price acceleration from a larger timeframe to a smaller one.Also recommended: JFATL Acceleration Indicator for MetaTrader - similar indicator with strong performance on MetaTrader 5.
Indicator Description
The indicator provides alerts about the current speed direction at each change of a large timeframe bar. It utilizes two colors of large dots for speed display. The dot color is lime if the speed is positive and increasing, and yellow if the speed is positive but decreasing. Conversely, if the speed is negative and decreasing, the dot color is red, and if the speed is negative but increasing, the dot color is magenta.
Important Note
It is essential to note that this indicator does not show the current trend direction but only its first derivative, or the speed. Therefore, it is recommended to filter it using a trend indicator.
Installation Instructions
To use the indicator, place the compiled file in the MQL5\Indicators folder. The indicator color, JFATL Speed, uses the classes of the SmoothAlgorithms.mqh library. For more information on working with this class, please refer to the relevant documentation, updated in 2026.
You may also like: JFATL Acceleration Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
/*
* the operation of the indicator requires
* smoothalgorithms.mqh file
* in the directory: metatrader\\mql5\include
*
* colorjfatlspeed.mq5
* should be placed in the directory: metatrader\\mql5\indicators
*/
#property copyright "robotfx"
#property link "https://robotfx.org".......
⚠ 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.