OPEN-SOURCE SCRIPT
Candle Speed and Acceleration
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.
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.
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