Price Velocity Indicator? | Forex Factory

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Price Velocity Indicator?

  • #1
  • First Post: Aug 19, 2011 10:43am Aug 19, 2011 10:43am
Is there a indicator anywhere which measures the veolicity of price movement and its acceleration of sorts?
  • #2
  • Aug 21, 2011 7:10am Aug 21, 2011 7:10am
To my understanding, to measure the 'speed' of price can be seen just by looking at the angle of a moving average. I guess a fast MA's angle will be more representative of short term movements.

Have a search on indicators that share the words 'ma' and 'angle'. I'm sure you'll find something.

Also, you might be interested in the rate of change (ROC). When the rate of change is increasing, the 'velocity' of the price is increasing. or shall we say acceleration ? Nevertheless here's the code

ROC = Pi - Pi-n,
Pi - the price of the current period,
Pi-n - the price of the period, which is located n periods back from the current one.
As usual, they use the relative (in percentage) value of the velocity of the ROC:
ROC% = 100% * (Pi - Pi-n) / Pi-n

Here's some links.

http://www.marketvolume.com/technicalanalysis/roc.asp
http://www.forexrealm.com/technical-...of-change.html
  • #3
  • Aug 21, 2011 3:16pm Aug 21, 2011 3:16pm
Thanks for that is there one which also measures the up down pip movement when a candle stick is actually forming not just the range of pips the candlestick has when its finished forming if that makes sense?
  • #4
  • Aug 21, 2011 4:34pm Aug 21, 2011 4:34pm
Quoting simplebeans
Thanks for that is there one which also measures the up down pip movement when a candle stick is actually forming not just the range of pips the candlestick has when its finished forming if that makes sense?
Not sure what you are trying to do. By comparing current bar high/low to the bar opening doesn't give you want you want?
Wise-EA MT4 Programming
  • #5
  • Aug 21, 2011 6:04pm Aug 21, 2011 6:04pm
Quoting minmin830
Not sure what you are trying to do. By comparing current bar high/low to the bar opening doesn't give you want you want?
I just want to see if looking at how price is moving before a bat closes gives me any bias on the market movement thats all. So i guess there isnt any indicators that do this then?
  • #6
  • Aug 21, 2011 6:10pm Aug 21, 2011 6:10pm
Quoting simplebeans
I just want to see if looking at how price is moving before a bat closes gives me any bias on the market movement thats all. So i guess there isnt any indicators that do this then?
My point is that by comparing current price to current unfinished bar open already display that information. If now is more than open then price is moving up, reverse is down. Of course that can be made into a indicator, but that will be a very simple one.
Wise-EA MT4 Programming
  • #7
  • Aug 21, 2011 6:13pm Aug 21, 2011 6:13pm
Here's an indicator that's called volatility and acceleration, but it's nothing special, only to compare current price to close of x bar ago.
Attached File(s)
File Type: mq4 price_speed_and_acceleration.mq4   2 KB | 3,203 downloads
Wise-EA MT4 Programming
  • #8
  • Aug 21, 2011 8:13pm Aug 21, 2011 8:13pm
Quoting minmin830
Here's an indicator that's called volatility and acceleration, but it's nothing special, only to compare current price to close of x bar ago.
Thanks for this im not sure you understand or im getting confused, i need something to tell me the movement of pips within a candle that hasnt finished yet or that has finished. So for example a finished painted candlestick could be 30 pips but whilst it was forming and open it could have actually moves 70 pips with the up and down movements. I need something to tell me in perticular the movements of the pips when the candle is still open. hope that makes sense.
  • #9
  • Aug 21, 2011 8:26pm Aug 21, 2011 8:26pm
Quoting simplebeans
Thanks for this im not sure you understand or im getting confused, i need something to tell me the movement of pips within a candle that hasnt finished yet or that has finished. So for example a finished painted candlestick could be 30 pips but whilst it was forming and open it could have actually moves 70 pips with the up and down movements. I need something to tell me in perticular the movements of the pips when the candle is still open. hope that makes sense.
most indicator produce a value for unfinished bar, you just has to take the last value for bar[0], if you want for the finished bar, then use the value for bar[1], there's no difference in the indicator.
Wise-EA MT4 Programming
  • #10
  • Aug 22, 2011 12:30am Aug 22, 2011 12:30am
Is this something like what you are looking for?
(Gives an alert if moves x pips (mMove) in whatever time you set (mTimeMins) and will not alert again for x minutes (mWait))
Attached File(s)
File Type: ex4 Mn Alert Speed v1.ex4   2 KB | 2,466 downloads
If you think I'm mad, I must be mad
  • #11
  • Last Post: Jun 27, 2015 2:01pm Jun 27, 2015 2:01pm
here is some info....just in case anyone of you math coder guys wants to have ago at a potentially new formula and line of indicators>>>>
http://www.forex-tsd.com/metatrader-...tml#post750734
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