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Price Speed Indicator

The Price Speed indicator displays the speed of the price movement for the selected number of bars in the form of a histogram.

  • Values above 0 indicate the speed of movement in the UP direction.
  • Values below 0 indicate the speed of movement in the DOWN direction.

It is a leading indicator. In the case the trend starts to slow down and lose strength, the indicator values will start to reverse while the price can continue to move along the trend. It gives good divergence/convergence signals.

Input parameters

  • SpeedPeriod - the period of bars to calculate the indicator values.
  • Bars - the number of bars to display the indicator values.
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