Forex: The Velocity Indicator for NinjaTrader
Velocity is one of newest inventions to measure exhaustion. What is Velocity? It is the rate at which price moves over the course of a bar relative to a previous bar. This brand new high performance indicator can be used to determine when price may be getting exhausted from a strong move and need to pause or pull back during a resting or consolidation period prior to making its next move. It is a valuable tool in any pullback trader's arsenal. It was inspired by the SpeedTick and Ricochet and thus can be a powerful complement to them.
- Add to any chart or time frame
- Prints on the current bar in real time
- DOES NOT repaint several bars after the fact
- Exhaustion Measurement
- User select draw object, colors and sizes
- Toggle on/off
- Works great with the SpeedTick and Ricochet for the ultimate in overreaction/exhaustion detection.
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