Combining Moving-Average Speed and Price Distance in an Indicator
Summary
The SpeeD Oscillator combines two measurements related to a moving average: its speed and the distance of price from it. Speed appears as a histogram scaled against its historical average, while price-to-average distance appears as a line measured in percentage points. The stated purpose is to help traders see how price pressure relates to a moving average that is trending.
The document says the measures are grouped mainly for ease of use and are not necessarily immediately compatible. It provides no calculation details, parameter settings, market examples, or tests showing whether the display improves trading decisions. The indicator therefore describes price and average behavior but does not specify entry, exit, or risk rules.
Key ideas
- The indicator displays moving-average speed as a histogram scaled to its historical average.
- Price-to-moving-average distance is shown as a line in percentage points.
- The two measurements are combined for convenient viewing, though their compatibility is limited.
- The description gives no trading rules or evidence of predictive performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.