Best Velocity Indicator

Best Velocity Indicator

Improve your trading strategy with the Speed Indicator for MT5. This tool shows the speed of price movement by offering clear buy and sell signals through color changes.

The Velocity indicator for MT5 shows the average rate of price growth or fall. This allows traders to see how quickly or slowly the price is moving in a certain direction.

The indicator uses a moving average to display speed at the bottom of the screen.

Moreover, it gives clear buy and sell signals on the chart.

How to use the Velocity Indicator for MT5

The indicator is easy to use. The light green line shows the speed of bullish movements, and the pink line shows the speed of bearish movements.

This way, traders can identify reversals when the color of the moving average changes. A bullish reversal occurs when the line color changes to light green. Meanwhile, a bearish reversal occurs when the lime green line changes color to pink.

Conclusion
The Velocity indicator for MT5 shows the speed at which price is moving in a certain direction. Moreover, it uses a moving average of speed, which gives good entry signals when it changes color.