Velocity indicator for MetaTrader4 (MT4) – free download
In this section you can download velocity indicator for MetaTrader4 (mt4):
Velocity indicator -> up to speed:
- “Momentum” refers to prices continuing to trend.
- The momentum and ROC indicators show trend by remaining positive while an uptrend is sustained, or negative while a downtrend is sustained.
- A crossing up through zero may be used as a signal to buy, or a crossing down through zero as a signal to sell.
- The way momentum shows an absolute change means it shows for instance a $3 rise over 20 days, whereas ROC might show that as 0.25 for a 25% rise over the same period.
- The conventional interpretation is to use momentum as a trend-following indicator; when the indicator peaks and begins to descend, it can be considered a sell signal; the opposite conditions can be interpreted when the indicator bottoms out and begins to rise .