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Attachments: Speedometer (Points/Sec)
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Speedometer (Points/Sec)

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  • First Post: Edited Aug 14, 2018 2:49pm May 4, 2015 12:36pm | Edited Aug 14, 2018 2:49pm
Here I am sharing an indicator (may be turn out to be an EA later) that calculates and visualizes the speed of the price in points per second, and the acceleration in points per second squared. There is a threshold that the user can specify to activate a sound alert. I'm doing some experiment with this indicator for extreme scalping. It may be of your interest if you are, like me, a fan of scalping 1 to 2 pips per trade.

Note: At the start up, the indicator needs to collect a few ticks before visualizing the speed.

Thread Rules:
1. In this thread we discuss only the speedometer indicator presented here. I will IGNORE anyone who writes any irrelevant post in this thread.
2. TBD.

--- Update 2017-05-17 ---
Version 1.63 released. Bug fixes.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM8.png Size: 34 KB
Attached File
File Type: ex4 MathTrader7_SpeedometerIN.ex4   102 KB | 2,723 downloads | Uploaded May 17, 2017 11:54am
"Life is what happens when you're busy making other plans." -John Lennon
Cool! Are you going to add the ability to change the position on the chart?
Quoting ShomariG
Cool! Are you going to add the ability to change the position on the chart?
Thanks! :-)
If it is required, then I will make the position movable according to the user preference.
"Life is what happens when you're busy making other plans." -John Lennon
Quoting MathTrader7
Here I am sharing an indicator (may be turn out to be an EA later) that calculates and visualizes the speed of the price in points per second. There is a threshold that the user can specify to activate a sound alert. I'm doing some experiment with this indicator for extreme scalping. It may be of your interest if you are, like me, a fan of scalping 1 to 2 pips per trade. Note: At the start up, the indicator needs to collect a few ticks before visualizing the speed. {image} {file}
Very Kewl, Math!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
{quote} Very Kewl, Math!!
You're welcome my friend! Please test the indicator and come back with your comments
"Life is what happens when you're busy making other plans." -John Lennon
Very nice idea
Quoting ShomariG
Cool! Are you going to add the ability to change the position on the chart?
Cool indicator! You certainly make trading fun!
Its not the indicators. Its how you use them. The thought process is key!
Quoting LITEchild
{quote} Cool indicator! You certainly make trading fun!
You're welcome my friend! I will be waiting for your comments
"Life is what happens when you're busy making other plans." -John Lennon
Quoting MathTrader7
{quote} You're welcome my friend! I will be waiting for your comments
I am already imagining some crazy ways to add this to my scalping strategy..hehehe. I just love the graphic meter. What would make it even more mindblowing though, would be to track the highest speeds achieved after every bar close and display it on or below the bar, AND THEN MAKE SPEED BARS, COLOR EACH BAR ACCORDING TO ITS HIGHEST SPEED(+ve/-ve)...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 27 KB
Its not the indicators. Its how you use them. The thought process is key!
Quoting LITEchild
{quote} I am already imagining some crazy ways to add this to my scalping strategy..hehehe. I just love the graphic meter. What would make it even more mindblowing though, would be to track the highest speeds achieved after every bar close and display it on or below the bar, AND THEN MAKE SPEED BARS, COLOR EACH BAR ACCORDING TO ITS HIGHEST SPEED(+ve/-ve)... {image}
It seems a good idea, and I'll implement it in the next versions.
"Life is what happens when you're busy making other plans." -John Lennon
Will be testing mate
Great work
Quoting josh11
Will be testing mate Great work
Thanks for testing Josh!
Please let me know your comments
"Life is what happens when you're busy making other plans." -John Lennon
Looks good Math! I do believe the ability to reposition it on the chart will be needed. Some indies without that ability makes it an issue. Also, when removing from a chart, the rectangle is left behind. It can be deleted using the object list, but it would be nice if it removed itself cleanly.
Excellent Math Great Indi

Hope u will Automate it soon , because it will be tough to catch the movement by manual trading
Quoting ShomariG
Looks good Math! I do believe the ability to reposition it on the chart will be needed. Some indies without that ability makes it an issue. Also, when removing from a chart, the rectangle is left behind. It can be deleted using the object list, but it would be nice if it removed itself cleanly.
Thanks for reporting the bug! I'll fix it now.
"Life is what happens when you're busy making other plans." -John Lennon
Thank you math for the hard work!
could you please put an option to adjust the speedometer position on the screen?
Quoting kohonez
Thank you math for the hard work! could you please put an option to adjust the speedometer position on the screen?
You're welcome! :-)
I uploaded Verson 1.05 that you can specify the Y position of the indicator on the chart. Hope this helps you!
"Life is what happens when you're busy making other plans." -John Lennon
Attached Image (click to enlarge)
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check this image Math this is the problem for all speed and volume indi

Each broker have different speeds , first one in the left is liteforex and second is Exness

so how can know which broker is having perfect speed
Quoting techlover
{image} check this image Math this is the problem for all speed and volume indi Each broker have different speeds , first one in the left is liteforex and second is Exness so how can know which broker is having perfect speed
You're absolutely right! However, it is known that LiteForex quotes are delayed (and may be manipulated somehow). The best brokers for this type of indicators are true ECN brokers.
"Life is what happens when you're busy making other plans." -John Lennon
Quoting MathTrader7
{quote} You're absolutely right! However, it is known that LiteForex quotes are delayed (and may be manipulated somehow). The best brokers for this type of indicators are true ECN brokers.
yes the result of the Ea is also varies from Broker to broker , so its better we test these kind of Ea's in different brokers
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