Speed_MA_V2 - Indicator for MetaTrader 4
The indicator determines the rate of the price movement, using moving averages with different periods. The speed of each MA is reflected as a percentage of the baseline. The base indicator is the maximum change MA between two neighboring bars, identified on a plot of 500 bar.
The indicator is presented in the form of four color lines on the chart:
- yellow line - МА5;
- green line - MA15;
- blue line - MA60;
- red line - the sum of the speeds of all MAs.
It is recommended to use this indicator with the Multi Moving Average tool.