speedometer
Info
The speedometer is a Indicator for MetaTrader 5 that the indicator displays the tick speed, the path passed by the price and the passage time in milliseconds. the speed is displayed in points per second.
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 speedometer
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 indicator displays the tick speed, the path passed by the price and the passage time in milliseconds.
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: pips volatility alarm - another powerful indicator for MetaTrader 5 traders.
the indicator displays the tick speed, the path passed by the price and the passage time in milliseconds. the speed is displayed in points per second. if the speed is greater than specified in the settings, the indicator generates an alert, sends e-mail messages and notifications to mobile device.
Also recommended: am l ht f - similar indicator with strong performance on MetaTrader 5.
parameters:fig.1. indicator alerts
fig.2. information on the right
fig.3. information on the left
recommendations:
use the indicator as a trading assistant.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
#property indicator_plots 0
input int fontsize = 12; //
input string fontname = "arial"; //
input color clrway = red; // -
input color clrspeed = yellow; // - .......
⚠ 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.