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.