Description:
The EES Velocity indicator is a game-changer for traders using MetaTrader 4. It measures price movement with the formula: Velocity = High - Low / Time. Here, time can be adjusted to minutes, hours, or days, although the default setting is seconds. Think of it like physics, where velocity is simply distance divided by time.
This indicator offers a unique perspective on price action, as it factors in time—a feature that sets it apart from other tools like the Average True Range (ATR) or standard volatility indicators, which don’t take time into account.
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- Gain insights on market momentum.
- Adjust time settings for personalized analysis.
- Compare with traditional indicators for comprehensive trading strategies.
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