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Speedometer (Points/Sec)

  • #1
  • First Post: Edited Aug 14, 2018 1:49pm May 4, 2015 11:36am | Edited Aug 14, 2018 1:49pm
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(s)
File Type: ex4 MathTrader7_SpeedometerIN.ex4   102 KB | 4,668 downloads | Uploaded May 17, 2017 10:54am
Trading is the hardest way to make easy money...
  • #2
  • May 4, 2015 11:42am May 4, 2015 11:42am
Cool! Are you going to add the ability to change the position on the chart?
  • #3
  • May 4, 2015 11:44am May 4, 2015 11:44am
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.
Trading is the hardest way to make easy money...
  • #4
  • May 4, 2015 11:55am May 4, 2015 11:55am
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!
  • #5
  • May 4, 2015 11:58am May 4, 2015 11:58am
Quoting Magix
{quote} Very Kewl, Math!!
You're welcome my friend! Please test the indicator and come back with your comments
Trading is the hardest way to make easy money...
  • #6
  • May 4, 2015 12:00pm May 4, 2015 12:00pm
Very nice idea
  • #7
  • May 4, 2015 12:04pm May 4, 2015 12:04pm
Quoting ShomariG
Cool! Are you going to add the ability to change the position on the chart?
Cool indicator! You certainly make trading fun!
  • #8
  • May 4, 2015 12:06pm May 4, 2015 12:06pm
Quoting LITEchild
{quote} Cool indicator! You certainly make trading fun!
You're welcome my friend! I will be waiting for your comments
Trading is the hardest way to make easy money...
  • #9
  • May 4, 2015 12:29pm May 4, 2015 12:29pm
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
  • #10
  • May 4, 2015 12:38pm May 4, 2015 12:38pm
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.
Trading is the hardest way to make easy money...
  • #11
  • May 4, 2015 12:59pm May 4, 2015 12:59pm
Will be testing mate
Great work
  • #12
  • May 4, 2015 1:08pm May 4, 2015 1:08pm
Quoting josh11
Will be testing mate Great work
Thanks for testing Josh!
Please let me know your comments
Trading is the hardest way to make easy money...
  • #13
  • May 4, 2015 1:22pm May 4, 2015 1:22pm
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.
  • #14
  • May 4, 2015 1:24pm May 4, 2015 1:24pm
Excellent Math Great Indi

Hope u will Automate it soon , because it will be tough to catch the movement by manual trading
  • #15
  • May 4, 2015 1:29pm May 4, 2015 1:29pm
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.
Trading is the hardest way to make easy money...
  • #16
  • May 4, 2015 1:31pm May 4, 2015 1:31pm
Thank you math for the hard work!
could you please put an option to adjust the speedometer position on the screen?
  • #17
  • May 4, 2015 1:53pm May 4, 2015 1:53pm
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!
Trading is the hardest way to make easy money...
  • #18
  • May 4, 2015 1:59pm May 4, 2015 1:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 193 KB


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
  • #19
  • May 4, 2015 2:04pm May 4, 2015 2:04pm
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.
Trading is the hardest way to make easy money...
  • #20
  • May 4, 2015 2:12pm May 4, 2015 2:12pm
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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