Topic: price speed indicator
Is there an indicator which measures the speed of the price?
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Is there an indicator which measures the speed of the price?
Momentum measures the average price speed.
Average Speed = Distance / Time;
In our case the Distance is the difference between the final price and the initial price
Time is the number of bars.
Speed = ( Price(now) - Price(now - numb of bars) ) / numb of bars
And this is the exact formula of the Momentum indicator. It shows the price speed in Delta Price per Bar.
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