Using a Tick-Speed Indicator to Monitor Price Movement
Summary
The document describes a trading-platform indicator that displays how quickly prices move, the distance traveled, and elapsed time in milliseconds. It expresses speed in points per second and lets users set a threshold that triggers alerts, email messages, or mobile notifications when movement exceeds that level.
The configurable options include the alert threshold, whether alerts are enabled, label colors and font, and the screen corner where information appears. The document presents the tool as a trading assistant, but gives no trading rules, performance evidence, or guidance on interpreting readings. A speed alert can flag rapid price changes; by itself, it does not establish direction, predict future returns, or account for spread, slippage, and market conditions.
Key ideas
- The indicator displays price movement speed in points per second, distance traveled, and elapsed time.
- Users can set a speed threshold that triggers alerts and notifications.
- Display settings control the labels’ appearance and screen position.
- The document provides no evidence that speed readings alone produce profitable trading decisions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.