MA Speed

The rate of change, slope, speed or velocity (meaning the same) of any Moving Average (SMA, EMA, SSMA, LWMA) helps to define new raising trends.

It is not a rocket science. For instance, a simple increase of Speed=[MA(i)-MA(i-1)]/1 of your Moving Average defines a price gaining strength to reach higher values. Or oppositely, a negative speed indicates the price with strength for going to lower values.

• MA Speed computes this rate of change of your Moving Average of choice (SMA, EMA, SSMA, LWMA) for any price you choose (Open, High, Low, Close, Median, Typical, or Weighted).

• This indicator contains a smooth parameter (0-100) that provides a less chaotic speed result. This smoother speed (SS) is given by SS=[MA(i)-MA(i-smooth-1)]/(1+smooth).

• The indicator is presented in a separate window in terms of a histogram. A color determines increasing velocities (default is blue) and another color – decreasing velocities (default is red).

• The indicator can be used for any Expert Advisor being called by iCustom(...) function.

And Remember... Keep it Simple! Happy Trading!

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