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The Velocity Indicator for NinjaTrader
The Velocity Indicator for NinjaTrader
Archive : The Velocity Indicator for NinjaTrader
One of the newest technologies for measuring tiredness is velocity. What is speed? It refers to the speed at which pricing changes from one bar to the next. When price may need to halt or pull back during a resting or consolidation period in order to recover from a powerful advance and make its next move, it may be determined using this newly developed high performance indicator. It is an important weapon in the pullback trader’s toolbox. It may be a potent complement to the Ricochet and SpeedTick because it was inspired by them.
Features: Include in any chart or time window.
prints immediately on the active bar.
DOES NOT repaint a number of bars later
Exhaustion Calculation
User choosing drawing element, colors, and sizes
Turn on/off
excellent when used in conjunction with the SpeedTick and Ricochet for the best overreaction/exhaustion detection.
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