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  1. #1
    Solid Member

    Very Unique Volume Indicator for MT4 - measures the speed of the forex market !!!

    IceFX VelocityMeter is a very unique indicator on MetaTrader 4 platform which measures the speed of the forex market. Itís not a normal volume or other measurement indicator because IceFX VelocityMeter is capable to understand market speed movements which are hidden in ticks and those valuable information cannot be read in an ordinary way from the candles.
    The software monitors the received ticks (frequency, magnitude of change) within a specified time range, analyzes these info and defines, displays and records a reference value which is typical of the actual market velocity rate. Market speed value is changing with every tick so this Professional Tool has the ability to respond quickly to any changes.

    It records minimum/maximum/average values within a candle which are remaining visible even after reboot. All the specified data delivered by VelocityMeter can be read/use by any MetaTrader 4 Expert Advisors (EA).


    Download: http://www.icefx.eu/velocitymeter/


    Tested:
    Yes, I've tested for short while before posting here and during my test I did found that if we try to catch a certain direction we can see thanks to this indicator the market "speed" and the "volume" as force of this speed including the power in short or up direction which can help us within our entry decision.
    Currently hard core learning & practicing: Price Action with End Of The Day Binary Options Trading.

  2. #2
    Solid Member
    Currently hard core learning & practicing: Price Action with End Of The Day Binary Options Trading.

  3. #3
    Legendry Member Michael Hodges's Avatar
    Can you show us how this works in relation to a trade? Maybe with a chart?

  4. #4
    Solid Member
    Quote Originally Posted by Michael Hodges View Post
    Can you show us how this works in relation to a trade? Maybe with a chart?
    Here is an video that might give additional idea about the indicator movements:

    Here in this video were experimenting taking a trade on a pull back after it had strong capacity and speed upward and quick pull back. Kind of tick strike, some people trade this or close way on tick strike.

    Last edited by rommark; 10-07-2014 at 04:06 PM.
    Currently hard core learning & practicing: Price Action with End Of The Day Binary Options Trading.

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