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Indicators

Speed Oscillator - indicator for MetaTrader 5

Panteleimon Mar Andreadis | English 한국어

Views:
2143
Rating:
votes: 10
Published:
2021.06.20 13:50
Updated:
2021.06.20 15:27

Description


Measures current bar's Moving Average Speed, in relation to the average of # (averaging period) past bars.

This oscillator can be visually described with Speed Indicator.




Calculations


CurrentBar's speed / Mean speed of past # bars


         AvgPosBuffer[i] = pos_sum/InpSPeriod;
         AvgNegBuffer[i] = neg_sum/InpSPeriod;

         if(ExtMABuffer[i] - ExtMABuffer[i-1]>0)
         {
            SO[i] = (ExtMABuffer[i]-ExtMABuffer[i-1]) / AvgPosBuffer[i];
         }
         else if(ExtMABuffer[i] - ExtMABuffer[i-1]<0)
         {
            SO[i] = -((ExtMABuffer[i]-ExtMABuffer[i-1]) / AvgNegBuffer[i]); 
         }
         else 
         {
            SO[i] = 0;
         } 




Example


Moving Average (9)

Averaging Period (120)






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