Speed Alert
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Speed Alert is a professional volatility-based indicator designed to detect fast market movements and high-speed candles in real-time. When the market suddenly accelerates and a candle moves with abnormal speed compared to recent price action, Speed Alert instantly notifies the trader.
The indicator continuously analyzes recent candles to calculate the average price speed. When the current candle exceeds the defined speed threshold, it indicates strong momentum and increased volatility, which is often seen during breakouts, news events, or aggressive market moves.
Speed Alert is strictly non-repainting and works on all timeframes and trading instruments, including Forex, Metals (Gold), Indices, and Cryptocurrencies. It is especially useful for scalping, intraday, breakout, and momentum trading strategies, where timing and fast reaction are critical.
Key Features
Volatility Detection: Instantly highlights fast-moving candles and sudden market acceleration.
Strictly Non-Repainting: The indicator does not repaint or recalculate its signals after the candle closes.
Multi-Alert System: Supports MetaTrader's native pop-up alerts, sound alerts, push notifications (mobile), and email alerts.
Fully Customizable: All sensitivity parameters can be adjusted to match different market conditions and trading styles.
How to Use
Speed Alert is an analytical tool and not an automated trade entry system. It is specifically designed to highlight moments of high speed and volatility. Traders should use these alerts as an early warning system to identify powerful market moves and confirm trade entries using their own strategy, trend analysis, or price action methods.
Default Settings & Optimization
The indicator comes with default settings highly optimized for Gold (XAUUSD) under high-volatility conditions:
Calculation Period (10): The number of recent candles used to calculate the average market speed.
Speed Multiplier (1.5): The threshold to trigger an alert. Higher values mean lower sensitivity (filters out noise), while lower values increase sensitivity.
Alerts Enabled (True): Instantly notifies you of fast market moves.
Using on Other Symbols: If you want to use this indicator on other currency pairs or instruments, the settings can easily be calibrated. Simply adjust the Calculation Period and Speed Multiplier in the indicator inputs, or use the standard MetaTrader Strategy Tester to find the optimal values based on the historical volatility of your preferred symbol.
