Velocity is one of newest inventions to measure exhaustion. What is Velocity? It is the rate at which price moves over the course of a bar relative to a previous bar. This brand new high performance indicator can be used to determine when price may be getting exhausted from a strong move and need to pause or pull back during a resting or consolidation period prior to making its next move. It is a valuable tool in any pullback trader’s arsenal. It was inspired by the SpeedTick and Ricochet and thus can be a powerful complement to them.
Add to any chart or time frame
Prints on the current bar in real time
DOES NOT repaint several bars after the fact
User select draw object, colors and sizes
Works great with the SpeedTick and Ricochet for the ultimate in overreaction/exhaustion detection.