Candle Speed and Acceleration

5 ott 2024

Candle Speed and Acceleration Indicator
This indicator calculates the speed and acceleration of candlesticks in points per minute (P/M), providing traders with insights into the momentum and volatility of price movements during the trading session.

Features:

Speed Calculation: Measures the change in price per minute, helping you understand how quickly the market is moving.
Acceleration Measurement: Tracks the change in speed between consecutive candles, offering an additional layer of momentum analysis.
Real-Time Display: Shows the current, previous, and second previous candles' speed and acceleration in a table on the chart.
Crosshair Integration: Displays speed and acceleration at the crosshair location, offering instant feedback as you hover over the chart.
Alerts: Notifies you when candle speed exceeds a customizable threshold, helping you catch significant market moves as they happen.
Permanent Markers: Marks candles on the chart when the speed threshold is exceeded, visually highlighting high-speed candles.
This tool is essential for traders who want to analyze the momentum and acceleration of market movements, providing clear visual cues and alerts for potential trading opportunities.

16 ore fa

Note di rilascio

Candle Speed and Acceleration + MA Filter

This indicator expands on the original Candle Speed and Acceleration by adding new filtering options and flexibility for different markets.

🔹 What it does

Calculates candle speed (price movement per minute) and acceleration (change in speed over time).

Displays values in a real-time table.

Shows crosshair labels with speed & acceleration when hovering candles.

Prints permanent labels on candles when speed exceeds a user-defined threshold.

Supports alerts when speed breaks the threshold.

🔹 New Features (compared to the original)

Custom Speed Units

Choose between:

Points → for futures traders.

Pips → for Forex traders (auto-detects pip size: 0.0001 for most pairs, 0.01 for JPY pairs).

Dollars → for stock traders.

All labels, tables, and alerts now show the selected unit.

Moving Average Filter (Optional)

Add a customizable MA filter (SMA, EMA, WMA, RMA, HMA, VWMA).

Signals can be filtered so that:

Long signal → Candle exceeds threshold and closes above MA.

Short signal → Candle exceeds threshold and closes below MA.

MA is used internally for filtering; it is not plotted on the chart to reduce clutter.

Signals on Chart

Triangle markers show filtered long/short signals.

Works together with the permanent labels for easier visual confirmation.

Streamlined Settings

Removed unused tick size inputs.

Pip size is auto-detected → no extra inputs needed.

Cleaner settings panel.

🔹 How to use

Set your Speed Unit (Points / Pips / Dollars).

Define your Speed Threshold (e.g., 10 points, 15 pips, or 2 dollars).

(Optional) Enable the MA Filter and choose MA type and length.

Watch for:

Permanent Up/Down labels → unfiltered speed breakouts.

Triangle Long/Short signals → threshold + MA filter confirmation.

Alerts → can be enabled for automated notifications.

✅ This version keeps the original behavior for permanent labels (they always show when the threshold is exceeded), while adding extra filters and unit flexibility for more precise use in different markets.