Parabolic Weighted Velocity Indicator
Platform: MT5 Type: Oscillator Last update: September 23, 2024The Parabolic Weighted Velocity Indicator works in a very similar manner to the Jurik Velocity. The difference is between Parabolic Weighted Moving Average and Linear Weighted Moving Average. This Parabolic Weighted Velocity extends the original indicator by allowing you to change the “power” of the calculated averages used for velocity calculation. The bigger the Power parameter, the more weight is set to the current price (it is faster). The smaller the Power parameter the slower is the velocity.
